Definition: An opinion of value by a neutral third party, which is generally obtained by comparing similar properties that have recently sold to the property in question.
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Also Known As: Appraisal
Common Misspellings: Apprisel
Examples:
The appraisal was prepared by the bank's appraiser and came in slightly above the sales price.
