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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

 

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Harold Brantley: A Halfcenturyaposs Worth Of Appraisals Bowling Green Daily ...
Bowling Green Daily News Harold Brantley: A half century39s worth of appraisals Bowling Green Daily News I don39t mind working long hours. That39s an understatement, according to Brantley39s son Bill, himself in the real estate appraisal business in the Louisville area. Dad is a very hard worker, Bill Brantley said. And he believes in doing the right

Things To Know About Commercial Real Estate Appraisals The Suburban Times
The Suburban Times Things to Know About Commercial Real Estate Appraisals The Suburban Times Commercial is very different from residential in the fact that appraisals are much more subjective in nature, says Scott Everett, founder and president of Supreme Lending, a mortgage lender in Dallas. Much of the value derived from a commercial

QampA: New Real Estate Council President On What To Expect From CRE In 2018 ...
San Antonio Business Journal QampA: New Real Estate Council president on what to expect from CRE in 2018 San Antonio Business Journal The Real Estate Council of San Antonio, the local advocacy group for owners and professionals in the real estate industry, recently elected its new president for 2018, Laurie Griffith. Aside from holding several positions on the Real Estate Council

Real Estate Appraisers Group Names Sugar Hill Resident AposVolunteer Of Disti...
Gwinnettdailypost.com Real estate appraisers group names Sugar Hill resident 39Volunteer of Distinction39 Gwinnettdailypost.com A real estate appraiser who lives in Sugar Hill was recently recognized for his volunteer work with a national appraisers professional association. Appraisal Institute announced Alexander Rubin has been named its fourth quarter Region IX Volunteer of

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Facts of Law about the real estate appraisal

Facts of Law - Real Estate Appraisal