An appraisal is an assessment of a property’s value, typically performed by an appraiser. The appraiser evaluates the property, taking into account its condition, location, and other factors, in order to determine its estimated value. Appraisals are often requested by lenders to ensure that the property is worth the amount that they are lending.
About the author:
Daniel H. Weberman, The Kabinet Founder
Daniel is an attorney and the founder of Kabinet. He is always here to help answer your home ownership questions as well as anything related to using your Kabinet app. Ask Daniel a question by sending an email to firstname.lastname@example.org and put “Daniel” in the subject line. This is a complimentary service as part of Kabinet’s commitment to you!
Daniel, The Kabinet Founder, has made every effort to ensure the accuracy of the information within this article was correct at time of publication. He does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause. Speak to your advisor to make sure you qualify for such benefits or opportunities. Do not rely solely on this abbreviated article, it is for informational purposes only.