A “home appraisal near me” is a professional assessment of a home’s value by a licensed appraiser in your local area.For instance, if you’re seeking a mortgage, lenders will typically require a home appraisal to determine the property’s worth and ensure it aligns with the loan amount.
Home appraisals are crucial for various reasons. They help establish a home’s fair market value, whether for buying, selling, refinancing, or tax assessment purposes. Historically, the practice of home appraisals gained prominence during the housing market boom of the mid-2000s.