What You Need to Know About Real Estate Appraisals
By Leeper Appraisal When you're dealing with big financial decisions—like selling your home, refinancing a mortgage, or dividing assets—knowing your property’s value matters. That’s where a real estate appraisal comes in. At Leeper Appraisal, we make it easy for you to get a clear, honest view of your home's market value. What Is a Real Estate Appraisal? A real estate appraisal is a professional estimate of your property’s current market worth. This is typically done by a licensed or certified appraiser who evaluates the home based on condition, location, size, and comparable recent sales in your neighborhood. Mortgage lenders often require appraisals before finalizing a loan to ensure the property is worth the amount being financed. However, appraisals are just as valuable for homeowners who are refinancing, settling an estate, or preparing to list their home. When Do You Need an Appraisal? Appraisals come into play during many situations, not just home sales. You mi...