Peoples Bank Blog

What to Expect From Your Home Appraisal

Posted by Peoples Bank on Nov 15, 2016 8:00:00 AM

 

In most cases, you'll have an appraisal done when a home is being approved for a mortgage loan. But what is involved in a home appraisal? Simply put, it's an unbiased, professional opinion of a home's value. When a house is being bought and sold, the appraisal determines whether the sale price is appropriate given a home's condition, features, and location.

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