What’s the Difference Between a Refinance and Purchase Appraisal?

Have you ever listed a home and during your listing appointment, the homeowner mentioned a previous appraisal?  Maybe they kept impeccable records and had the appraisal from when they bought the home, as well as a refinance appraisal from two years ago.  Which one should you use?  What’s the difference between the two?

 

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