MorseDolphin29

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 means determining the fair market value of the property). The person who performs this real estate assessment exercise is named the real estate appraiser or property worth surveyor. The value as based on real estate appraisal is the fair market value. The real estate appraisal is performed using various techniques and the real estate appraisal values as different for difference applications e.g the home. Different values might be assigned 2 by the real estate appraisal to the exact same property empty value) and (Improved value and again the same/similar property might be assigned different values in an industrial zone and a residential zone. However, the value given consequently of real estate appraisal might not be the value when assessing the property for investment that a real estate investor would consider. In reality, a real estate investor might completely ignore the value that comes out of real estate assessment process.

A good real-estate investor could evaluate the property on the basis of the developments going on in your community. Therefore real estate assessment as done by a real estate investor could produce the importance that the real estate investor can get out of the property by buying it at a price and selling it at a much higher price (as in our). Likewise, real estate investor may 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 perform his real estate appraisal based on what value he/she can cause by committing some sum of money in the property i.e. a estate investor might decide on buying a dirty/scary type 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 market). So, here the meaning of real estate appraisal changes completely (and can be extremely different from the price 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 generally base his financial commitment on this real estate appraisal he does by himself (or gets done through someone). So, can we then term real estate appraisal as a really real real estate appraisal? here