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  2. How to prepare for FHA appraisal requirements - AOL

    www.aol.com/finance/prepare-fha-appraisal...

    An FHA appraisal is a home appraisal that involves an FHA-approved professional evaluating a home to determine its market value. This step is required by lenders during the FHA mortgage process to ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    With a refi, the appraisal will occur before the final approval of the loan. The lender orders the appraisal and chooses the state-licensed appraiser, who contacts you to schedule the appraisal ...

  4. Uniform Standards of Professional Appraisal Practice - Wikipedia

    en.wikipedia.org/wiki/Uniform_Standards_of...

    Uniform Standards of Professional Appraisal Practice ( USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...

  5. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value).Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a ...

  6. Guide to closing on a house: What to expect during the ... - AOL

    www.aol.com/finance/guide-closing-house-expect...

    Low appraisal. An appraisal is a professional assessment of the worth of the home you’re interested in buying, ordered by the mortgage lender. The purpose of an appraisal is to ensure that the ...

  7. Appraisal Institute - Wikipedia

    en.wikipedia.org/wiki/Appraisal_Institute

    The Appraisal Institute ( AI ), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers. [1] It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the Society of Residential Appraisers merged. The AIREA and the Society were respectively founded in 1932 ...

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