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Real estate appraisal is that the true one?

Real estate appraisal 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 generally means determining the fair market value of the property). The one who performs this real estate assessment exercise is known as the real estate appraiser or property worth surveyor. The value as dependant on real-estate appraisal could be the fair market value. The real estate appraisal is performed using different methods and the real estate appraisal values the home as different for difference purposes e.g. the real estate appraisal might assign 2 different values to exactly the same property vacant value) and (Improved value and again the same/similar property might be assigned different values in a commercial zone and a residential zone. Nevertheless, the value assigned as a result of real estate assessment might not be the value when evaluating the house for investment a real estate investor would consider. Actually, a real estate investor may completely ignore the value that comes out of real estate assessment process.

The property would be evaluated by a good real estate investor on the basis of the improvements going on in the region. Therefore real estate assessment as completed by a real estate investor would produce the price that the real estate investor could possibly get out of the property by buying it at a price and selling it at a much higher price (as in our). Similarly, real estate investor may do his own real estate appraisal for the expected value of the property in, say 2 years time or in 5 years time. Again, a estate investor might perform his real estate appraisal based on what value he/she can create by investing some amount of cash in the property i.e. a estate investor might decide on buying a dirty/scary kind of property (which nobody 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 would get by selling it in the market). Therefore, here the meaning of real estate appraisal changes completely (and can be quite different from the value that real estate appraiser would turn out with if a real estate appraisal exercise was conducted by the real estate appraiser on the property).

A real estate investor will usually base his financial commitment with this real estate assessment he does by himself (or gets performed through someone). Therefore, could we then term real estate appraisal as really a real real estate appraisal? Selecting a Property Agent Blog Real estate appraisal is that the true one?

Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the highest and the greatest use of real property (which essentially translates into determining the fair market value of the property). The person who performs this real estate appraisal exercise is called the real estate appraiser or property valuation surveyor. The value as dependant on property assessment is the fair market value. The real estate appraisal is done using different techniques and the real estate appraisal values the property as different for difference purposes e.g. The actual estate appraisal might assign 2 different values to the same property (Improved value and empty value) and again the same/similar property might be given different values in a residential zone and an industrial zone. However, the value assigned because of this of real estate appraisal might not be the value a real estate investor would consider when evaluating the home for investment. In fact, a real estate investor may totally ignore the value that comes out of real estate assessment process.

The property would be evaluated by a good real estate investor on the basis of the developments going on in the area. Therefore real estate assessment as completed by a real estate investor could develop the importance that the real estate investor can get out of the home by getting it at a price and selling it at a much higher price (as in our). Equally, real estate investor could do his own real estate appraisal for the expected value of the home 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 investing some amount of money 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 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 modifications completely (and can be very different from the value that real estate appraiser could emerge with the home) on if a real estate appraisal exercise was conducted by the real estate appraiser.

A real estate investor will usually base his financial commitment on this real estate appraisal that he does by himself (or gets completed through someone). Therefore, could we then term real estate appraisal as really a real real estate appraisal? continue reading