Tag: bank appraisal vs real estate appraisal

What Is The Difference Between A Bank Appraisal And A Real Estate Appraisal?

Bank appraisals and real estate appraisals differ primarily in purpose, scope, and flexibility. Bank appraisals are lender-required property valuations for mortgage loans that follow strict guidelines and focus on protecting the lender’s investment through conservative market value assessments. Real estate appraisals are client-ordered property valuations for diverse purposes including selling, estate planning, divorce settlements, and […]