What Is a Home Appraisal? How It Works, What to Expect, and Why It Matters !
If you’re asking “What is a home appraisal?” — you’re not alone.
It’s one of the most searched real estate questions online, especially among homeowners, buyers, and sellers who want to understand how property values are determined.
This blog explains exactly what a home appraisal is, how it works, and what to expect when an appraiser visits your house — including whether or not they go inside. Whether you’re preparing to sell, settle an estate, navigate a divorce, or appeal your property taxes, this guide gives you the insight you need.
A home appraisal is a professional, unbiased estimate of a property’s fair market value, conducted by a state-licensed or certified appraiser.
It’s based on:
The property’s condition, size, and layout
Location and neighborhood characteristics
Comparable recent sales (also called “comps”)
Market trends in your area
Most commonly, appraisals are used in mortgage transactions — but they’re also critical in:
If you’re searching for “what is an appraisal of a house?” or “what does a home appraiser do?” — the short answer is: they protect you from overpaying, underpricing, or misjudging a home’s true worth.
Yes — in a full residential appraisal, the appraiser typically enters the home and completes a detailed interior and exterior inspection.
Here’s what they’ll look at:
Square footage (based on ANSI measurement standards)
Room count and layout
Condition of kitchen, bathrooms, roof, HVAC, and flooring
Renovations or deferred maintenance
Quality of materials (granite countertops, custom trim, etc.)
Site features (garage, basement, patio, etc.)
Functional obsolescence (awkward layouts, odd conversions)
The inspection helps answer the question, “Do appraisers look inside the house?” — and the answer is yes, unless a desktop or drive-by appraisal is being done for limited purposes.
How Does a Home Appraisal Work?
Understanding how a home appraisal works can reduce stress and prepare you for what’s ahead.
Here’s a simplified breakdown:
The Appraiser Is Hired
A client (lender, attorney, homeowner, or investor) engages an appraiser to complete a report with a defined scope and intended use.The Property Is Inspected
The appraiser visits the home, takes notes and photos, and gathers key property characteristics.Comps Are Selected
Using local MLS data, public records, and appraisal tools, the appraiser identifies recent comparable home sales (similar size, location, and condition).Adjustments Are Made
The appraiser adjusts for differences between the subject and comps — such as size, garage count, age, condition, or features — to estimate a credible market value.The Report Is Delivered
A detailed PDF appraisal report is generated, containing property data, market analysis, comp adjustments, maps, photos, and the appraiser’s final opinion of value.
What’s the Difference Between Real Estate Consulting and a Home Appraisal?
This is a great question — and it comes up a lot when people search for “real estate consulting”.
A real estate consultant may offer market insights or general advice, but not a legally defensible valuation.
A home appraisal, on the other hand, is a USPAP-compliant, unbiased report that can be used in court, tax disputes, divorce settlements, and more.
If you’re facing a legal, financial, or tax-related event, you need a licensed appraiser, not a consultant.
When Do You Need a Home Appraisal?
There are many situations where getting a home appraisal is not just helpful — it’s essential. If you’re going through a divorce, you’ll need an appraisal to ensure the real estate is fairly divided between both parties. If you’re dealing with a probate case or settling an estate, an appraisal is often required to determine the home’s fair market value as of the date of death. This helps with IRS reporting and ensures heirs receive an accurate accounting of the estate.
If you’re selling your home without a realtor — known as a For Sale By Owner (FSBO) — an appraisal can help you price the home correctly from the start. For property tax appeals, an appraisal provides credible evidence if you believe the county has over-assessed your property. Investors often request appraisals to validate values on rental properties, confirm after-repair values (ARVs), or analyze a property’s cash flow potential. Lastly, cash buyers often order appraisals as a second opinion to ensure they’re not overpaying on off-market deals.
In all of these cases, a professional appraisal brings peace of mind, legal credibility, and a stronger foundation for smart real estate decisions.
Final Thoughts: Why Appraisals Matter
A home appraisal isn’t just a number — it’s a decision-making tool.
When you hire a licensed appraiser, you’re getting a professional who is legally and ethically bound to deliver a credible, impartial opinion of value, free from outside influence.
Whether you’re working with a divorce attorney, executor, realtor, or just exploring your options — an appraisal gives you the clarity and leverage you need to move forward with confidence.
Ready to Find Out What Your Home Is Worth?
We specialize in non-lender home appraisals across the Atlanta metro area, including:
Request your home appraisal here: REI-Valuations.com/home-appraisal-request
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