Appraisal Basics for Home Owners and Buyers

Appraisal Basics for Home Owners and Buyers

An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise. The appraiser does not create value, the appraiser interprets the market to arrive at a value estimate. As the appraiser compiles data pertinent to a report, consideration must be given to the site and amenities as well as the physical condition of the property. An appraiser may spend only a short time inspecting the property, however, this is only the beginning.

Considerable research and collection of general and specific data must be accomplished before the appraiser can arrive at a final opinion of value.

Due to the many types of value, such as fair market value, insurance value, tax value and value in use, the need to precisely define the purpose of the appraisal is essential.

Mortgage101.com


Tanya Gorman Headshot
Author:
Phone: 408-316-3512
Dated: April 12th 2013
Views: 547
About Tanya: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Curb Appeal On A Budget - Can you believe that spring is
ABCs Of Homebuying Free Seminar - Ready to go from renter to
Stones Manor Subdivision - Stones Manor is a beautiful
Beech Grove Subdivision - **New Subdivision in Clarksville*

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Kristin Gwaltney Team - Keller Williams Realty
933-C Tracy Lane
Clarksville , TN
931-538-1106
931-802-8735