An appraised value pertains to the assessed value of real property in the opinion of a qualified appraiser. It is usually used to pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution.

When obtaining a mortgage the lender relies on the standardized valuation methods of an appraiser to asses a monetary value for the subject property being used to to secured the loan.

The lender will then justify the loan amount (and other risk-based pricing) factors as a percentage of the appraised value of the property.

Appraised values can also be made after a property sale. For example, home owners wishing to gain access to their increased equity in their home may obtain a mortgage valuation to prove its value has risen and thus justify increasing the amount of their mortgage.

A low appraised value will affect a buyer's ability to purchase a property. (see solutions to low appraisal).

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