Home Appraisals: What You Need to Know
A home appraisal may not be top of mind when you're looking to buy, sell or refinance a home. But maybe it should be. Appraisals are necessary when buying and selling a home because banks won’t lend money if the appraised value of the house is less than the loan amount. However, there are other times when an appraisal may be required or can help save you money.