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.
Author:Tanya Gorman Phone: 408-316-3512 Dated: April 12th 2013 Views: 628 About Tanya: ...
View our latest blog posts in your RSS reader. Click here to access.
About Kristin Gwaltney Team - Keller Williams Realty
The Kristin Gwaltney Team is ONE of the TOP Team of Realtors in the Clarksville TN, Montgomery County TN, Fort Campbell KY real estate market. The Kristin Gwaltney Team is one of the top because of the way our Team of Realtors takes care of its clients. In the custom home market, we are number ONE. The Kristin Gwaltney TEAM has over 20 years of experience in the Clarksville real estate market with professionals responsible to the different phases of the home buying process. This ensures for you a very smooth and stress free experience.
Who knew?! National Be a Millionaire Day is observed each year on
"Candyce is a very knowledgeable and friendly realtor. She always has your best interests at heart and her organization and dependability are truly appreciated. She interacted wonderfully with my entire family, was always easy to get in touch with and made buying our first home easy and enjoyable. I would recommend her to anyone, no matter what it is you are looking for. "