AndeeeLindgren759
Real estate appraisal is that the real one?
Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the greatest use and the greatest of real property (which ostensibly means determining the fair market value of the property). The person who performs this real estate appraisal exercise is named the real estate appraiser or property worth surveyor. As based on real estate assessment the value may be the fair market value. The real estate appraisal is performed using various techniques and the real estate appraisal values the property as different for difference reasons e.g. Different values might be assigned 2 by the real estate appraisal to the 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 consequently of real estate appraisal assigned might not be the value when assessing the house for investment that a real estate investor would consider. In fact, a real estate investor may totally disregard the importance that arrives of real estate assessment process.
The property would be evaluated by a good real estate investor on the basis of the improvements going on in your community. So as completed by a real estate investor real estate appraisal could develop the price that the real estate investor can get out of the property by buying it at a price and selling it at a greater price (as in the present). Likewise, real estate investor can do their own real estate appraisal for the expected 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 cause by trading some amount of cash 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 improve the value of the property (the value that the real estate investor would get by selling it in the market). Therefore, here the meaning of real estate appraisal modifications completely (and can be very distinctive from the value that real estate appraiser would emerge with if a real estate appraisal exercise was conducted by the real estate appraiser on the house).
A real estate investor will usually base his investment decision with this real estate appraisal he does by himself (or gets performed through someone). So, could we then term real estate appraisal as really a real real estate appraisal?Sold By Blue RE/MAX Colonial Pacific Realty Ltd. 15414 24 Avenue White Rock, BC V4A 2J3 Canada south surrey real estate
