By Mary Webber Most of us will have a real estate appraisal done at some point in our property-owning lives, and yet, as common as that experience is, there are many misconceptions about what an appraisal is, why one is needed, and how truly it reflects the value of our homes.  
I am a Maine licensed residential real estate appraiser with four years' experience; however, prior to getting my license I worked with my husband, Bert Smith, who has been a certified residential appraiser for more than 20 years.
Let's take a look at some basic questions and some common confusions about those appraisals:

What is an appraisal?
Are there different kinds of appraisers?
Why get an appraisal?
The different types of home appraisals
Who owns an appraisal?
What's the difference between appraisal and assessment?
How long is an appraisal good for? 
Appraisal?  Home Inspection?  And the difference is?  
The final estimate of value
Don't like the appraisal?  Not fair, not accurate?  What you can do 

1.  What is an appraisal?    It is an estimate of value based on data gathered by the appraise, a process that  is done through an inspection of the subject property, …

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