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7 Best Of My Home Appraisal Best Resolution Image. There may come a time when we need a home appraisal, perhaps for a home equity loan or line of credit. In the event we do, i'll treat that as an accurate home valuation and adjust our home value in the spreadsheet.
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Location has by far the biggest impact on a home’s appraisal value, since most homes appraise within 20 percent of similar homes in the neighborhood. Updating your home facts can help make your zestimate more accurate. The home appraisal process doesn’t have a hard rule on how much a home’s price increases or decreases in value.
There may come a time when we need a home appraisal, perhaps for a home equity loan or line of credit.
An appraisal is an unbiased professional opinion of the value of a home and is used whenever a mortgage is involved in the buying, refinancing, or selling of that property. The appraisal process is meant to be objective, but appraisers are human. For what it's worth, if we get an “professional” appraisal, i would adjust our home value to the results of that appraisal. But that doesn’t mean the entire sale is out the window!
