Real estate appraisal
process of valuing real property
Real estate appraisal, home appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).
Appraisal reports form the basis for mortgage loans, settling estates and insurance policies, taxation, etc. Sometimes an appraisal report is also used to establish a sale price for a property. Factors like size of the property, condition, age, and location play a key role in the valuation.
Obtaining an appraisal
Appraisals are often required by lenders for issuing or refinancing a loan. In such cases, when the borrower asks the lender for a loan or a refinance, the lender will order an appraisal. Once ordered, the borrower will have to schedule an appointment with the appraiser for the in-home visit.
The appraiser will visit the property, assess it, gather data and leave. This usually takes a few hours, depending on the size of the property. After the on-site visit, the appraiser will spend time researching and preparing an appraisal report.
“Real estate appraisal” enters the record as process of valuing real property. Crown Archives preserves that source wording while asking what Real, estate and appraisal can confirm, complicate or overturn.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Sep 24, 2026. The linked authority identifier is Q512599. None of the 0 selected statements returned an explicit reference.
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This entry incorporates text from “Real estate appraisal” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.