Real Estate Law Word of the Week: Property Appraisal

2021-06-01T06:29:11+00:00

What is a property appraisal? A property appraisal is the process of developing an estimate for the value of real property. This includes residential and commercial properties, as well as vacant land. Lenders typically require an appraisal by a third party (the "appraiser") of the property to determine whether [...]