Appraised value is a time-specific professional assessment influencing mortgage terms like loan-to-value ratios.

Appraised value may differ widely from market value, which reflects what buyers are willing to pay.

Lenders rely on appraisals to determine borrowing limits, insurance needs, and overall loan underwriting decisions.

Property conditions, comparable sales, location factors, and neighborhood amenities significantly affect a home’s appraised value.

Strategic improvements such as renovations, energy upgrades, and curb-appeal enhancements can increase a property’s appraisal outcome.