Sentences with phrase «traditional real estate appraisal»
Once an appraiser conducts a traditional real estate appraisal, he looks at the market value of the home or property.
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Given the recent housing crisis and its role in the Great Recession, NAR firmly believes that creating mechanisms to provide safety and soundness to the real estate market is necessary, and traditional in - person appraisals are a very important element of ensuring a home loan is supported by sufficient collateral.