Dec 08 2012
Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the largest and best use of property, which translates to determine the fair market value of the property. The person who makes these properties evaluation exercise is called real estate appraiser or property valuation expert. The value determined by the real property valuation is the fair market value.
Real estate is done using various methods and real estate appraisal values of property that the different objectives of the difference, for example, could affect real estate values 2 different the same property, -Improving the value and worth vacant- And again the same/similar property could be assigned different values in a residential zone and a commercial zone.
However, the value attributed to following the real estate assessment could not be the value as a real estate investor would consider when evaluating the property for investment. In fact, a real estate investor could completely ignore the value that comes from real estate appraisal process.
A good real estate investor being evaluated on the basis of ongoing developments in the region. So, property evaluation was conducted by a real estate investor come with the value that real estate investor may leave the property by buying at a low price and sell at a price much higher, as in the present. Likewise, real estate investor can make his own assessment of property for the value of the property, for example 2 years or 5 years.
Again, a real estate investor to carry out its assessment of property depending on what value people can create by investing money in building that is to say, a real estate investor could decide on the purchase of a sale or scary type of property and get minor repairs, painting etc. done in order to increase the property value, FYI, the value that real estate investor to obtain selling on the market.
So here’s the meaning of real estate has changed and may be very different from the value that real estate appraiser out if the real estate conducted a real estate appraiser evaluation exercise on the property. A real estate investor usually base its investment decision on these properties that the assessment it makes of himself or is made by someone. Thus, can we really term real estate as a “real estate”?
Tags: appraisal, appraiser, assessment, building, evaluation, fact, investment, investor, price, property, real estate, sale, term, valuation, Value
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