Why is a home appraisal necessary for getting financing? Can't you just use the tax value of the home?
Appraisals compare your home to other homes in your area that have recently sold. Tax values obtained from your taxing authority can sometimes be higher or lower and may not reflect the actual appraised value of the home. An appraisal is necessary for the lender to justify the loan amount being requested, as required by secondary investors. You should not rely on the appraisal for assurance about the condition of your home.
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