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Appraisal

• Is an expert evaluation of the current, probable market value for a property. It is not necessarily the market value or transaction price.

 
 Embedded terms in definition
 Market value
Market
 
 Referenced Terms
 Fair price provision: See: Appraisal rights.

 Rams reverse annuity mortgages: Mortgages in which the bank makes a loan for an amount equal to a percentage of the Appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity.

 
 Related Terms
 Appraisal ratio
Appraisal rights

<< Api Appraisal ratio >>

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