What Is a Home Appraisal?
A home appraisal is a professional evaluation of a property’s market value conducted by a licensed appraiser. This process considers factors such as:
- Location
- Property condition
- Size and layout
- Recent comparable sales (comps)
- Market trends in Clearwater
Lenders typically require an appraisal before approving a mortgage or refinance, but it’s also a smart step for homeowners and investors.