Appraisal Definition. An “Appraisal” is an opinion of value prepared by a licensed or certified appraiser, engaged on 201 behalf of Buyer or Xxxxx’s lender, to determine the Property’s market value (Appraised Value). The Appraisal may also set forth 202 certain lender requirements, replacements, removals or repairs necessary on or to the Property as a condition for the Property to be 203 valued at the Appraised Value.
Appraisal Definition. (Omitted as inapplicable)
