Does a bank set up a home appraisal?

Answer When you want to buy or refinance a house, the bank or mortgage company that your home loan is with will have the house appraised. You will be charged for the appraisal, and you will only get a cop... Read More »

Top Q&A For: Does a bank set up a home appraisal

How to Get a Home Appraisal Versus a Tax Appraisal?

Every property has a tax appraised value. The city or county sets this value and uses that number to determine how much the property taxes for that house will be. The city appraiser doesn't go in t... Read More »

What happens in a home appraisal?

The Uniform Standards of Professional Appraisal Practice and the Appraisal Foundation define an appraisal as the process of creating an opinion of value for a property. Usually, an appraiser comes ... Read More »

What is a home appraisal?

In a home appraisal, a licensed professional assesses the house and assigns it a market value. Lenders have homes appraised prior to making a mortgage loan to make sure there is sufficient equity.S... Read More »

How do I get ready for a home appraisal?

Ask your real estate agent to research recent sales of comparable homes in the area. Be ready to hand information about these "comps" to the appraiser to help justify a fair market value for your h... Read More »