Glossary · Buying & selling
What is Home appraisal?
A home appraisal is a professional, unbiased estimate of a property's market value, often required by lenders.
Definition
An appraiser evaluates a home's condition, size, location, features, and recent comparable sales to determine its fair market value. Lenders rely on appraisals to confirm a property is worth the amount being borrowed.
Appraisals protect both buyers and lenders from overpaying. They differ from a home inspection, which assesses condition and safety rather than value.
When home appraisal matters
- Confirming a property's value before buying
- Satisfying a lender's mortgage conditions
- Settling estates, divorces, or disputes
With Homeprint
How Homeprint helps with home appraisal
Homeprint tracks your home's estimated value over time and keeps improvement records that support an accurate appraisal.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Home appraisal — FAQ
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