Real Estate 101: Home appraisal vs. valuation
Last updated 6/14/2023 at 5:14pm
FALLBROOK – When someone wants to buy or sell a house, they need to know how much it’s worth. Home appraisals and valuations are methods used to determine the value of a home, but they differ in terms of how they are done and their purposes. We’ll help you understand the difference between these two.
What is a home appraisal?
A home appraisal involves a certified appraiser physically visiting the property and considering various factors to determine its value. The appraiser visits the house and looks at different things like the size of the house, how many bedrooms and bathrooms it...