The excerpt from “Importance of a Home Appraisal” by DNC Real Estate Appraisal provides a comprehensive explanation of the role and process of a home appraisal, highlighting its significance for both buyers and sellers. The process begins by defining a home appraisal as an unbiased assessment of a property’s value conducted by a qualified appraiser. It emphasizes that the appraisal is crucial for establishing a fair price during a sale and for lenders to determine the loan amount for a mortgage. Listen now.