WHAT IS AN APPRAISAL?

 

The above video gives a basic explanation of a home appraisal in the home buying process. A home appraisal is a opinion of value of a home. It is performed by a professional appraiser who is trained to determine the value of  properties. Unlike a home inspector, an appraiser will not check electrical outlets or inspect the plumbing system to determine whether repairs are needed. Rather, the appraiser will check the general condition of your home to determine its comparable market value. This market value is important for a bank to know before it will loan money on the property for a potential home buyer.

BUYING A HOME?

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If you are interested in homes for sale in Hampton VA, homes for sale in Newport News VA, or homes for sale in Yorktown VA, contact us now for free information and free assistance. We can also assist you in finding a local Realtor for any city in the state of Virginia. Request Assistance

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