Home appraisals, although used in many instances, are designed to determine the true market value of the property in consideration. Market value is how much the property is worth according to what type of property it is, what condition it is in, and other properties similar to it in the immediate area.

The only problem with home appraisals is that they can often differ greatly among different appraisers, the professionals who actually appraise the property. This is because an appraisal is just an opinion, based on market data, as to what the property is worth. So, you may get a higher figure from one appraiser and a lower number from another appraiser.

This can give lenders room to determine the market value for a property. For example, a lender could have his personal appraiser appraise the property for considerably less, based on the market data that the appraiser chooses to use, in order to decrease the loan amount that the lender can provide a home buyer. In turn, if a home owner is selling a home, the appraisal can be determined at a higher value so the owner will get as much for the house as possible. This