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Real estate appraisal is that the real one?

Real estate appraisal or property value is the process of determining the value of the property on the basis of the highest and the best use of real property (which fundamentally results in 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 based on real estate appraisal could be the fair market value. The real estate appraisal is performed using various methods and the real estate appraisal values the property as different for difference purposes e.g. the real estate appraisal might assign 2 different values to exactly the same property (Improved value and empty value) and again the same/similar property might be assigned different values in an industrial zone and a residential zone. But, the value assigned as a result of real estate assessment mightn't be the value a real estate investor would consider when assessing the property for investment. In fact, a real estate investor might completely disregard the importance that comes out of real estate appraisal process.

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An excellent real-estate investor would consider the home on the basis of the developments going on in the area. Therefore real estate appraisal as completed by a real estate investor could come up with the value that the real estate investor can get out of the property by getting it at a price and selling it at a higher price (as in our). Similarly, real estate investor could do his own real estate assessment for the estimated value of the property in, say 2 years time or in 5 years time. Again, a estate investor might conduct his real estate appraisal based on what value he/she can make by committing some amount of cash in the property i.e. a estate investor might decide on buying a dirty/scary kind of property (which no-one likes) and get some minor repairs, painting etc done in order to improve the value of the property (the value that the real estate investor could get by selling it in the market). So, here the meaning of real estate appraisal modifications completely (and can be extremely different from the price that real estate appraiser would come out with if the real estate appraiser conducted a estate appraisal exercise on the house).

A real estate investor will generally base his financial commitment with this real estate appraisal that he does by himself (or gets accomplished through someone). Therefore, could we then term real estate appraisal as an extremely real real estate appraisal?