What is a Real Estate Appraisal? Complete Guide for Homeowners and Buyers
A real estate appraisal is an expert, unbiased estimate of a property's fair market value. It plays a vital role in a variety of situations—from buying and selling to divorce settlements, estate planning, and securing loans. Whether you're a homeowner or buyer, understanding how appraisals work helps you make informed financial decisions.
Sellers use them to price homes competitively.
Buyers rely on them to avoid overpaying.
Lenders require them to confirm loan security.
Attorneys and courts use them in divorce or probate cases.
Property size, layout, and condition
Location and neighborhood characteristics
Upgrades, amenities, and renovations
Comparable recent sales (comps)
Current market trends and economic influences
Before listing a home for sale
During a divorce or legal dispute
For estate planning and date-of-death valuations
When applying for a loan or refinancing
At Pacific Home Appraisers, we deliver certified appraisals quickly and accurately—helping you move forward with clarity. Call 818-880-1466, email PacificHomeAppraisers@gmail.com, or visit www.pacifichomeappraisers.com to get started.