The mortgage definition for Appraisal:
A professional evaluation of the value of a home or other piece of property. It is often required by a lender.
Appraisal feeAppraisal fee
The fee an appraiser charges for an estimate of the market value of the property.
Appraisal reportAppraisal report
A detailed written report on the value of a property based on recent sales of comparable sites in the area.
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