Real Talk Real Estate: APPRAISAL WOES: HOW MUCH IS A HOUSE REALLY WORTH?
This is a subject that can be very complicated in today’s real estate world, even here in the CSRA. How can we really know the true value of a property? In theory, an appraisal is supposed to be the most accurate valuation of a real estate transaction. In nearly all purchases, an appraisal is a loan requirement. So, how does an appraiser determine what a house is worth and what guidelines are they using to determine the value? The bottom line is that an appraisal is essentially the personal opinion