There are places you can seek out online that will give you access to an appraisal of your house value. If you are in the home buying or selling market, it’s important to understand the difference between tax assessment and appraisal value. People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.
Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. We learned the importance of securing a sufficiently high appraisal when we sold a rental property in California. An appraisal on your home is basically a professional opinion of the worth of your home or property from someone who is trained to analyze such things.
When you sell or buy real estate, remember that the certified appraisal is just one person’s opinion of the value of your home. If you are interested in finding out your house value, or the value of something you wish to purrchase, you might give a site like eppraisal a try. It's free too. Just type in your address and sumbit the form.
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