what does a home refinance appraiser look for
How to Prepare for an Appraisal for Refinance. A home appraisal is designed to determine the value of your property. A home appraisal is a survey of your home performed by a professional appraiser who is trained to determine the value of your property. Unlike a home inspector, an appraiser will not check electrical outlets or inspect the plumbing system to determine whether repairs are needed. Rather, an appraiser will check the general condition of your home to determine its market value. This market value is important for a bank to know before it will loan money on the property; for a potential homebuyer, the appraisal is an indicator of whether he is getting a fair deal on the property.