Home inspections and appraisals play key, but separate, roles in the home-buying and -selling process. A home inspection is primarily intended to protect the prospective buyer from purchasing a home with structural defects and other major problems. The home appraisal is meant to protect the lender from paying more than the house is worth. What Is a Home Appraisal? The bank requires that a proper...

If you plan on purchasing a new home with a mortgage or refinancing your current loan (or even getting a reverse mortgage), you will most likely need to order a mortgage appraisal. It might also be required for a home equity loan. This is a comprehensive report that determines the value of your property based on a number of factors, ranging from gross living space, to the view and the year a prope...

If you buy a home with an FHA loan, you will need to acquire an FHA appraisal. The FHA appraisal is different from a standard appraisal in several ways. It comes with stricter requirements, because FHA home loans are backed by the government, and the government wants to make sure that you get a safe place to live, and that it (and taxpayers) back safe, livable homes. Definition of FHA Appraisal ...

The process of estimating the value of your home can be done by a real estate appraisal or a marketing analysis. They both have similarities, but also important differences, especially in their application. The heart of a market analysis is the appraisal market approach. At Hudson View, our Expert appraisers will research similar homes in your neighborhood that have recently sold and similar homes...