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An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.
State license numbers: North Carolina Lic/Reg#: B-193985, Florida Lic/Reg#: MBR3879, Michigan Lic/Reg#: FL0022890
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