A residential property appraisal helps establish a home’s market value, or the likely sales price that the property would fetch if offered in a competitive real estate market. Whenever someone uses a home or other type of real estate as security for a loan, the lender will order an appraisal to be conducted by a...Read More

Appraisals have long been the source of much frustration for home buyers, sellers and real estate investors, a situation which has only gotten worse since the housing market meltdown. The question is if there is anything you can do if a mortgage lender performs an appraisal review and comes back with a lower value, is...Read More

For a lender to loan money on a property, that property must be appraised at a value that falls between a certain percentage of the sales price. The reasoning is fairly simple: a bank won’t lend $150,000 on a home that’s only worth $120,000 because the odds that will recoup its total investment should you...Read More