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Common Real Estate Appraisal Myths

East Coast Appraisal

Home Appraisal Is the Same As a Home Inspection. Indeed, a home appraisal and inspection have some similarities. Additionally, both techniques help the lender understand the value of the property. However, some key differences exist between home appraisals and inspections. Home Appraisal Value Is the Same as Market Value.

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2024 USPAP For Appraisers

Appraisal Today

Fannie Mae sees the appraisal process as β€œinspection + value.” Yet, the idea of sitting at the desk and relying on some stranger to gather the nuances of the property to generate a value is wildly flawed. I was taught that β€œone sale does not make a value.” There is a difference. know why a comp was not used.