Business profile for Process Solutions in Durango, Colorado. Infofree.com offers unlimited sales leads, mailing lists, email lists.
An appraisal is an unbiased professional opinion of a home's value. Appraisals are almost always used in purchase and sale transactions and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home's contract price is appropriate given the home's condition, location, and features.
An appraisal has a significant impact when you are obtaining a new or refinanced mortgage on your home. An appraisal is an evaluation of your home&#039;s monetary value by a licensed professional. The appraisal provides documentation to your mortgage lender that your home is worth the amount of the loan.