Our goal is to offer the highest quality mortgage resources and advice to our users for free.
How We Make Money
The listings that appear on this page are from companies from which this website and the data provider may receive compensation, which may impact how, where and in what order products appear. Compensation is higher for featured placements. This table does not include all companies or all available products.
Editorial Independence
We may receive a fee if you click on a lender or submit a form on our website. This fee in no way affects the information or advice we provide. We maintain editorial independence to ensure that the recommendations and insights we provide are objective and unbiased.
An appraisal report is a comprehensive analysis of the value of the home you are seeking to purchase or refinance. The appraisal report is primarily based on recent sales of similar properties as well as property size, condition and amenities. Examine the example appraisal report below to understand the information and analysis contained in the document.
Reviewing the example report also enables you to better understand how the fair market property value is determined when you apply for a mortgage. This is important because the appraised property value is one of the factors that determines the loan amount you are eligible for. Reviewing an appraisal report can be helpful because you want to make sure that the appraiser has all the information necessary to produce an informed property value assessment.
Keep in mind that your lender selects the appraiser and orders the appraisal report -- even though you usually pay for it -- but you want to make sure that your property shows as well as possible for the inspection. This approach helps to ensure that the property value submitted by the appraiser is consistent with your expectations. Please note that this is an example appraisal report that should be used for informational purposes only.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.