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.
Updated August 26, 2015. Glossary: A home appraisal is a professional estimate of the value of your home. It is performed by a licensed appraiser. Most people get appraisals after they go under contract for a home, but before they purchase the property (before the closing). Many lenders require an appraisal before they're willing to issue a loan for the property.