This article explains the home appraisal process, detailing what appraisals are and why they’re needed, usually for mortgage lending. Appraisers assess a property’s value based on condition, location, size, and market trends, considering unique features. Inspections vary in length, and reports are prepared afterwards, possibly delayed by various factors. The appraiser takes interior and exterior photos and may inspect attics or crawlspaces in certain cases. Cleanliness, unfinished projects, and known purchase prices can affect the appraisal. Appraisals don’t directly influence taxes but can be used to challenge assessments. Disagreements with appraisal values can be appealed. Appraisers must be licensed and follow strict guidelines, providing reports to their clients.