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A real estate appraisal is the valuation of how much a home is worth by a 3rd party. An appraiser considers a site, its amenities, and the physical condition of the property when determining a home's value. These factors are then compared against other properties (similar to yours) in the area around your home that have recently sold. By comparing all of these factors, the appraiser determines an estimate of what he or she thinks that the property could sell for (what it is worth).
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