2/24/2024 Download the new version for mac Rhode Island residential appliance installer license prep classRead Now![]() ![]() The lender is responsible for ensuring that your home provides adequate collateral for the mortgage. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. What Is a Home Appraisal and Why Is It Important?Ī home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. But first, let’s quickly cover the basics of home appraisals. We put together a checklist of our top tips below. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready. ![]() Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. ![]()
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