Most lenders will require that a licensed home appraiser look at a property before approving a mortgage. (mortgagebrokerstore.com)
Hence it is wise to have a good home appraiser's name and phone number ready. (mortgagebrokerstore.com)
After you make an offer on the property and go back to your lender for the loan, they will send a professional home appraiser to assess the value of the property. (homebuyinginstitute.com)