Real Estate Appraisal

A real estate appraisal is a valuation placed on a property by an appraiser.  Unlike shares of stock were the value can be found from the last trading price on an exchange, real estate trades infrequently and each property has its own features that give it value.  The job of the appraiser is to account for these differences in features, comparing them to similar recent sales, best use, income generated and replacement costs to arrive at the real estate appraisal.

In residential real estate the comparison approach is used most often.  Similar homes that have recently sold in the same market are compared to the property and the value is adjusted for more or fewer amenities, better or worse location, condition and other differences.

The income approach to real estate appraisal applies mostly to rental or commercial properties.  The appraised value may be arrived at by determining the amount of net income the property will produce over the term of several months or years.

Real estate appraisers are generally not licensed and just about anyone can put out a shingle offering appraisals.  Even websites have popped up online offering quick, and sometimes free, real estate appraisals such as zillow.com

Real Estate Appraisal Best Sellers from Amazon.com

The Appraisal of Real Estate, 12th Edition
Amazon Price:
Customer Review: If you are planning on taking your local state appraiser's exam, you no doubt will be required to purchase this text. It is, for better or worse, a "standard" in the industry. Unfortunately, as a professional educator with 17 years college teaching...

Construction Funding: The Process of Real Estate Development, Appraisal, and ...
by Nathan S. Collier, Courtland A. Collier, Don A. Halperin
Amazon Price: $79.20
Customer Review: This isnt a book for someone who wants to dabble in real estate investment. This is a book for big time investors (or people who want to be big time.) It is great if you're looking at large projects like apartment complexes, and it's well written.

The Student Handbook To The Appraisal of Real Estate
by Mark R. Rattermann
Amazon Price:

Fundamentals of Real Estate Appraisal
by William Ventolo, Martha Williams
Amazon Price:
Customer Review: This is the text book that was assigned to my class, and I am taking an at-home course. I don't know if these guys are covering everything or not, but I can tell you this: they sure don't know how to write clearly. Sentences are long-winded and con...

Real Estate Appraisal Principles and Procedures(AQB Approved course)
by Levin P. Messick, and William Pivar Walt Huber
Amazon Price: $69.50


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Real Estate Appraisal News

• Domestic Real Estate Developers Have Land But No Money Vietnam Net
VietNamNet Bridge Experts say that a lot of problems still exist in the real estate market, and that the lack of capital proves to be the biggest thing hindering the development of the market.
• Bruce D. Greenberg, MAI, SRA, ASA To Speak About How The U.S. Recession Affec...
LOS ANGELES Valuaciones Montana Verde SA de CV founder and President, Bruce D. Greenberg MAI, SRA, ASA, will present at the American International Real Estate Expo Conference on Saturday, Sept. 7, 2008, at 11:00 a.m.
• Local Real Estate Valuation Expert Invited To Talk About The Valuation Of Off...
James MacCrate , a respected real estate valuation consultant, author, and an Adjunct Professor at New York University has been invited by the Mid Hudson Chapter of the Appraisal Institute to address the unique terminology, concepts, principles, and analytical techniques related to the proper valuation of office buildings.
• Now Is The Perfect Time For Real Estate Investing Carteret County NewsTimes
ARA We all understand the income potential of investing in real estate. Some people decide to buy apartments or commercial buildings to rent and manage themselves. This can be rewarding, but can also be a lot of work.
• Lito Real Estate To Delay Filing Secondquarter Statement Haaretz Daily
Lito Real Estate admitted yesterday that its second quarter financial reports will be delayed, after Latvian accountants demanded a fresh evaluation of the companys assets there.