When appraising a home, the appraiser will usually find 3 comparable properties in the same area, and compare the sales prices of the 3 to come up with a value for your home.
The appraisal often breaks down the value of the land that the home sits on, as well as the home itself, and often some appraisers detail the value of any garages or tool sheds or seperate units.
This
is not a commitment to lend. Restrictions may apply. Information
is subject to change without notice. All loans are subject
to credit approval. Equal Housing Opportunity.