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Appraisers size up the value of a home before a lender gives the buyer a mortgage. He says a reckoning has arrived. In the real estate business, Zillow Group Inc. says its algorithms are learning.
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A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. mortgage evansville indiana However, the appraiser actually already has a good idea of the property’s value by the time they have scheduled an appointment to stop by the property.
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