property appraisal
Real estate evaluation
A property appraisal is a professional assessment of real estate value, typically conducted by a licensed appraiser.
Lenders require appraisals before approving mortgages to ensure the property justifies the loan amount: The appraisal came in lower than our offer, so we had to renegotiate.
Appraisals consider location, condition, comparable sales, and market trends.
- appraiserEvaluator of monetary worth
- market valueCurrent trading price
- comparable salesSimilar recent transactions for pricing
- valuationAssessment of monetary worth
- asking priceSeller's stated amount
real estate agent · buyer's market · seller's market · home sales · assessor · mortgage lending · tax assessments · foreclosure · insurance claims · divorce settlements · surveyor · estate planning · replacement cost · depreciation · square footage · fair market value · zoning laws · closing costs
- Home Buyingmortgage, downpayment, down payment, closing, closing costs
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- property taxestax rate, council tax, tax bill, tax rates, rates
- property taxreal estate tax, assessed value, tax bill, tax assessment, tax assessor
- real estatehouse, home, apartment, sale, rent
property appraisalhome inspection
Professional assessment of property condition
building inspection · property survey · termite inspection · environmental assessment · safety inspection