What Is an Appraisal and What Does It Mean to Me?

When buying a home, one of the terms you will come across is an “appraisal.” This may be presented in a negative manner, but it's actually an integral part of the home buying process and one you need to understand. An appraisal is performed by a specialist professional, and is designed to establish what the house you are buying is actually worth to a level of detail and accuracy that will satisfy a lender. Read more →