A relocation appraisal is an estimate of the anticipated sales price for a relocating employee's primary residence. A relocation appraisal asks for an estimate of the most probable selling price for your home, regardless of the price you paid or the cost of improvements you added.
A mortgage appraisal is based upon a sales price that has already been negotiated between a buyer and a seller. A mortgage or refinance appraisal can be influenced by the size of the down payment or the amount of equity in the home.
An insurance appraisal is based upon the cost to replace the home.
A tax assessment appraisal judges value for taxation purposes alone.
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