Appraisal

Appraisal

An appraisal is a professional estimate of a property’s monetary value conducted by appraisers. Appraisals are commonly required before many different types of transactions can be performed such as purchasing a house, a piece of jewelry, or an insured artwork. Homes and offices also need to be appraised for insurance, loans, and tax purposes. Appraisals ensure that these loans and insurance policies are comparable to the property’s tangible market value.

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