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A real estate appraisal
is a service performed, by an appraiser, that develops an opinion of value
based upon the highest and best use of real property. The highest and best use
is that use which produces the highest possible value for the property. This
use must be profitable and probable. Also of importance is the definition of
the type of value being developed and this must be included in the appraisal,
ie fair market value, condemnation value, quick sale value, etc. The most
common type of value sought being the fair market value.
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Related house appraising
Sites:
Property Valuation/Appraisals: house
appraising Expert: J.R. Cabai, SLA Date:5/8/2004
Subject:house appraising Question We are going to have our
house appraised, but some people are...
Appraisals @ e-Appraise.com - Home - Real Estate
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AppraisersTools. RETools ... OFHEO House Price Index for the Fourth
Quarter of 2004...
Home Appraisals Not knowing the value
range of a house can cost you money. Run e-appraisal on any house
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Appraising a House "But
then I go out and look at the house I'm appraising and find out
that it backs up to a highway, or maybe it backs up to a real neat lake."
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