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My family decided to take a trip from Reno to Las Vegas to see how the real estate market was behavi...
» NV   » Real Estate news02/16/2012
 
As part of his "To Do List" President Barack Obama visited Val and Paul Keller on Friday. The White ...
» NV   » Mortgage05/13/2012
 
South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property ...
» FL   » Real Estate news03/15/2012
 
Utah is known to have the greatest snow on earth. Skiers from all around the globe make sure to visi...
» UT   » Home buying03/26/2010
 
The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for...
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Appraisal

A professional determination of value. Mortgage companies usually require an appraisal of the property by a licensed, disinterested party before agreeing to loan money on the property. Methods of determining value may be based on many things, such as comparable sales in the area, the cost approach, the income approach, or the highest and best use of the property.

See also:
  • Acceptance
  • Ad Valorem Tax
  • Adjustable Rate Mortgage
  • Agent
  • Amortization
  • Amortization Schedule
  • Annual Percentage Rate
  • Appraisal
  • Appraised Value
  • Appreciation
  • APR
  • ARM
  • As Is Condition
  • Asking/Listing Price
  • Assessed Value
  • Assignee
  • Assumable Mortgage
  • Assumption of mortgage

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