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A home appraisal is a market valuation of real estate or property by a professional. Before a bank or lender will invest their money in your home loan, they will require an appraisal to ensure the property is as valuable as you say it is. The collateral for the loan must be valued at no less than the amount of the loan you are requesting. The bank will usually choose the appraiser if you are buying. Whether you are looking for a quick online appraisal or an in-depth, in person appraisal, the information you need can be found online through a quality Web site.
eHow Article: How to Get a Home Appraisal in Orange County, Florida
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