Appraisal

A real estate appraisal is used to estimate the value of the property you're buying. An appraiser compares your home's current sale price to other similar homes that have recently sold. When completing the appraisal, the appraiser will consider the property's location, amenities, and physical condition.

An appraisal will be ordered after you've negotiated your purchase contract with the seller.

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Timestamp: 09/05/2008 at 20:53:24

Server: firsthorizon.com