If you’re familiar with real estate terminology, you’ve heard of appraisals. An appraisal is a way to determine the current value of houses or other properties. No matter what kind of real estate transaction you’re considering, getting an appraisal before you close the deal is vital. Read on to learn more from EXP Realty about home appraisals. Why Is an Appraisal Important? Performed by licensed professionals, appraisals protect mortgage lenders and buyers alike.