Zack Sigel is a writer and editor based in New York City. He has been managing editor at Policygenius and M1 Finance, where he led teams specialized in writing about business and finance, and he ...

A home appraisal involves an objective professional evaluating a home to determine its value. Home lenders commonly order appraisals during mortgage or refinance underwriting. Appraisers take many ...

With a professional home appraisal. Most home purchases that involve a mortgage require an appraisal contingency in the contract. This clause requires the appraisal, then gives the buyer and their ...

A home appraisal is a report that states how much a home is worth according to a licensed professional The appraiser considers the location, features, and size of the home, as well as recent sales ...

You might be able to get a home equity loan or HELOC without a full appraisal, if your lender uses an automated valuation ...

A drive-by appraisal doesn’t mean an appraiser just drives past your home and calls it a day. This method, also known as an exterior-only appraisal, gained traction during the COVID-19 pandemic ...

A commercial real estate appraisal assesses property value based on income generation, unlike residential comps. Valuations utilize methods like income approach, gross rent multiplier, and cost ...

An appraisal gap occurs when a home appraises for less than the price you offered. Appraisal gaps can increase your out-of-pocket costs or even force you to back out of a purchase. Including an ...

The appraisal process involves determining the home's value by inspecting the home's condition. The reverse mortgage appraisal is essential in helping the mortgage lender determine how much money ...

An appraisal contingency ensures that the house is worth as much as everyone—the buyer, the seller and the mortgage lender—expects. These contingencies allow buyers to back out of the contract ...