ScarlettWiseman901

Real estate appraisal is that the true one?

Real estate assessment or property valuation is the process of determining the value of the property on the basis of the highest and the best use of real property (which basically means determining the fair market value of the property). The one who performs this real estate appraisal exercise is named the real estate appraiser or property valuation surveyor. The value as determined by property appraisal could be the fair market value. The real estate appraisal is completed using different methods and the real estate appraisal values as different for difference applications e.g the property. Different values might be assigned 2 by the real estate appraisal to exactly the same property vacant value) and (Improved value and again the same/similar property might be given different values in an industrial zone and a residential zone. But, the value assigned consequently of real estate assessment mightn't be the value when evaluating the house for investment a real estate investor would consider. Actually, a real estate investor may completely ignore the importance that comes out of real estate appraisal process.

An excellent real-estate investor could examine the property on the basis of the improvements going on in the area. Therefore real estate assessment as done by a real estate investor would come up with the importance that the real estate investor will get out of the property by getting it at a price and selling it at a much higher price (as in today's). Likewise, real estate investor could do their own real estate appraisal for the estimated value of the house in, say 2 years time or in 5 years time. Again, a estate investor might conduct his real estate assessment based on what value he/she can create by trading some amount of money in the property i.e. a estate investor might decide on purchasing a dirty/scary kind of property (which no-one likes) and get some slight repairs, painting etc done in order to boost the value of the property (the value that the real estate investor could get by selling it in the industry). So, here the meaning of real estate appraisal modifications completely (and can be extremely different from the price that real estate appraiser could come out with the house) on if the real estate appraiser conducted a estate appraisal exercise.

A real estate investor will usually base his investment decision with this real estate appraisal he does by himself (or gets done through someone). Therefore, can we then term real estate appraisal as a very real real estate appraisal? realtor sacramento ca