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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 greatest and the greatest use of real property (which basically results in 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 value surveyor. The value as based on property assessment may be the fair market value. The real estate appraisal is performed using various methods and the real estate appraisal values as different for difference purposes e.g the home. The true estate appraisal might assign 2 different values to the exact same property (Improved value and bare value) and again the same/similar property might be assigned different values in a residential zone and an industrial zone. However, the value assigned as a result of real estate appraisal might not be the value that a real estate investor would consider when evaluating the house for investment. Actually, a real estate investor may totally ignore the importance that comes out of real estate appraisal process. 
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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 appraisal as performed by a real estate investor would produce the price that the real estate investor can get out of the home by getting it at a price and selling it at a greater price (as in our). Likewise, real estate investor can do their 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 make by investing some amount of money in the property i.e. a estate investor might decide on purchasing a dirty/scary kind of property (which no body wants) and get some small repairs, painting etc done in order to boost 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 quite different from the price that real estate appraiser would turn out with the property) on if a real estate appraisal exercise was conducted by the real estate appraiser. 

A real estate investor will usually base his financial commitment with this real estate appraisal he does by himself (or gets performed through someone). So, could we then term real estate appraisal as a very real real estate appraisal?