When I bought my very first home, the thing that interested me the most in the process was the property appraisal. I was curious to understand how the value of the property listed in the appraisal related to the purchase price. I've done a lot of research and reading about what goes into the actual appraisal calculation. I know that many people are confused when their appraisal comes back much different than the purchase price, so I decided to help others learn how it works and what it all means. I hope the information here helps you approach your next property appraisal with a better understanding of what it is and what it means for your purchase.