Appraised Value Term Meaning in Real Estate - Guide

An appraised value is the value decided upon after an evaluation of a property’s value based on a given point in time that is performed by a professional appraiser during the mortgage origination process.

Devika Arora

7 years ago

Published Date: May 02, 2018

Updated Date: Mar 27, 2024

An appraised value is the value decided upon after an evaluation of a property's value based on a given point in time that is performed by a professional appraiser during the mortgage origination process.

While the appraiser is chosen by the lender, the appraisal is usually paid for by the borrower.

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