07/22/2025
Real Estate Term Explained: Appraisal ๐ก
An appraisal is a licensed expertโs unbiased opinion of a homeโs value. Required by lenders before approving a mortgage. It ensures the property is worth the loan amount.
Itโs a key stepโif the appraisal comes in low, it could reduce how much you can borrow. Was this helpful? Let me know in the comments! ๐ผ