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Real Estate Appraisal

Real Estate Appraisal Is That The Real One?

Real estate assessment or property value is the method of determining the value of the property on the basis of the highest and the greatest use of real property (which fundamentally results in determining the fair market value of the property). The one who performs this real estate assessment exercise is named the real estate appraiser or property valuation surveyor. The value as determined by real estate assessment could be the fair market value. The real estate appraisal is completed using different practices and the division values the house as different for difference purposes e.g. The actual estate assessment might assign 2 different values to the exact same property empty value) and (Improved value and again the same/similar property might be assigned different values in a commercial zone and a residential zone. But, the value assigned consequently of real estate appraisal might not be the value that a real estate investor would consider when assessing the home for investment. Actually, a real estate investor might totally ignore the value that happens of real estate appraisal process.

A great real estate investor would evaluate the property on the basis of the improvements going on in your community. So real estate assessment as completed by a real estate investor would come up with the value that the real estate investor will get out of the property by buying it at a price and selling it at a higher price (as in the present). Equally, real estate investor may do his own real estate appraisal for the estimated value of the home in, say 2 years time or in 5 years time. Again, a estate investor might per

form his real estate appraisal based on what value he/she can cause by trading some amount of cash in the property i.e. a estate investor might decide on purchasing a dirty/scary kind of property (which no-one wants) and get some small repairs, painting etc done in order to increase the value of the property (the value that the real estate investor would get by selling it in the industry). So, here the meaning of real estate appraisal improvements completely (and can be extremely distinctive from the value that real estate appraiser would turn out with if the real estate appraiser conducted a estate appraisal exercise on the property). 

A real estate investor will usually base his investment decision with this real estate assessment he does by himself (or gets performed through someone). So, can we then term real estate appraisal as a really real real estate appraisal?