When it comes to figuring out how much a piece of real estate is worth, an appraisal is the most effective way to determine value. If you are confused about how home appraisals work, you are definitely not alone. There are several misconceptions about this industry that make it seem complicated to the average person. Once you understand how this process works, you’ll see exactly how mortgage lenders come up with the numbers they use for your home loan.
Home Appraisals 101 Continue Reading >>