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- | + | 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 greatest use of real property (which fundamentally translates into determining the fair market value of the property). The one who performs this real estate assessment exercise is called the real estate appraiser or property value surveyor. The value as based on property assessment is the fair market value. The real estate appraisal is done using different techniques and the real estate appraisal values as different for difference reasons e.g the property. The true estate assessment might assign 2 different values to exactly the same property bare value) and (Improved value and again the same/similar property might be given different values in a residential zone and an industrial zone. Nevertheless, the value given because of this of real estate appraisal might not be the value when evaluating the house for investment that a real estate investor would consider. Actually, a real estate investor might totally ignore the value that comes out of real estate assessment process. | |
- | + | An excellent real estate investor could examine the property on the basis of the improvements going on in the region. Therefore real estate assessment as performed by a real estate investor would produce the value that the real estate investor can get out of the property by buying it at a price and selling it at a higher price (as in our). Equally, 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 assessment based on what value he/she can make by committing some sum of money in the property i.e. a estate investor might decide on purchasing a dirty/scary type of property (which nobody 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 could get by selling it in the market). Therefore, here the meaning of real estate appraisal improvements completely (and can be extremely different from the price that real estate appraiser would emerge with the home) 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? [ Link Drove] | |
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Revision as of 10:32, 9 December 2012
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 greatest use of real property (which fundamentally translates into determining the fair market value of the property). The one who performs this real estate assessment exercise is called the real estate appraiser or property value surveyor. The value as based on property assessment is the fair market value. The real estate appraisal is done using different techniques and the real estate appraisal values as different for difference reasons e.g the property. The true estate assessment might assign 2 different values to exactly the same property bare value) and (Improved value and again the same/similar property might be given different values in a residential zone and an industrial zone. Nevertheless, the value given because of this of real estate appraisal might not be the value when evaluating the house for investment that a real estate investor would consider. Actually, a real estate investor might totally ignore the value that comes out of real estate assessment process.
An excellent real estate investor could examine the property on the basis of the improvements going on in the region. Therefore real estate assessment as performed by a real estate investor would produce the value that the real estate investor can get out of the property by buying it at a price and selling it at a higher price (as in our). Equally, 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 assessment based on what value he/she can make by committing some sum of money in the property i.e. a estate investor might decide on purchasing a dirty/scary type of property (which nobody 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 could get by selling it in the market). Therefore, here the meaning of real estate appraisal improvements completely (and can be extremely different from the price that real estate appraiser would emerge with the home) 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? [ Link Drove]