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 is a judgment of something, especially an estimate of how much it's worth. Usually you need an expert to give an official appraisal. If you were selling a house, you'd need an expert in real estate to give an appraisal of how much it's worth â that's an official estimate of how much you could sell it for. But this word can also be used in other less formal situations that call for a judgment or opinion of some sort.