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Real estate appraisal is that the real 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 best use of real property (which fundamentally translates into determining the fair market value of the property). The person who performs this real estate appraisal exercise is known as the real estate appraiser or property worth surveyor. The value as dependant on real estate appraisal may be the fair market value. The real estate appraisal is completed using various techniques and the real estate appraisal values as different for difference reasons e.g the house. The true estate appraisal might assign 2 different values to the exact same property (Improved value and vacant value) and again the same/similar property might be assigned different values in a residential zone and an industrial zone. However, the value given as a result of real estate appraisal might not be the value a real estate investor would consider when evaluating the home for investment. Actually, a real estate investor might completely disregard the importance that arrives of real estate appraisal process.

An excellent real-estate investor would evaluate the home on the basis of the improvements going on in the area. So real estate assessment as completed by a real estate investor could develop the value that the real estate investor could possibly get out of the property by getting it at a price and selling it at a greater price (as in today's). Similarly, real estate investor can 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 conduct his real estate assessment 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 type of property (which nobody wants) and get some slight 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 extremely distinctive from the price that real estate appraiser could emerge with if a real estate appraisal exercise was conducted by the real estate appraiser on the home).

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