Andress

Real estate appraisal is that the real one?

Real estate appraisal or property valuation is the method of determining the value of the property on the basis of the greatest and the best 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 known as the real estate appraiser or property value surveyor. The value as based on real-estate assessment is the fair market value. The real estate appraisal is done using various techniques and the real estate appraisal values the property as different for difference functions e.g. Different values might be assigned 2 by the real estate appraisal to the same property (Improved value and empty value) and again the same/similar property might be assigned different values in a residential zone and a commercial zone. But, the value assigned as a result of real estate assessment might not be the value when assessing the house for investment a real estate investor would consider. In fact, a real estate investor might totally ignore the value that happens of real estate assessment process. real estate lead generation system

On the basis of the developments going on in the region the property would be evaluated by a good real estate investor. Therefore real estate appraisal as completed by a real estate investor could develop the price that the real estate investor can get out of the home by buying it at a price and selling it at a higher price (as in the present). Equally, real estate investor can 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 trading some amount of cash in the property i.e. a estate investor might decide on buying a dirty/scary sort of property (which no-one likes) and get some small repairs, painting etc done in order to boost 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 adjustments completely (and can be quite different from the price that real estate appraiser would come out with if the real estate appraiser performed a estate appraisal exercise on the home).

A real estate investor will generally base his investment decision with this real estate assessment that he does by himself (or gets accomplished through someone). So, could we then term real estate appraisal as really a real real estate appraisal?