Appraisal

by kevinjones on April 10, 2012

in Real Estate Terminology

What is an Appraisal?  It is usually defined as a written justification of Fair Market Value, in Real Estate it would be the analysis of other properties that are for sale, in escrow and have sold recently within a specified area.  An appraisal is only an opinion based upon a neutral third party and their knowledge, experience and ability to analyze and properly compare properties.  Appraisers  typically in most market places today are licensed and have to go through basic training on what is expected of them but it is the experience of the Appraiser and knowledge of the particular area that can make or break Real Estate transactions.  Appraisers can work for a variety of institutions, independent companies, banks, mortgage companies, etc.

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Realty Professionals 805-474-7040

 

 

 

 

 

 

 

 

Sometimes Appraisals are easy, and other times the comparable properties are not so comparable.  This is why you need experienced individuals combined representing you as a team.  This is what Realty Professionals is about … a well oiled, skilled and experienced group of Professionals working for you to get the job done!  For more information about Real Estate (buying, selling or investing),  Appraisals or the Appraisal process please call Realty Professionals today 805-474-7040

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Post by Kevin Jones

Realty Professionals 855-955-SOLD (7653)

Kevin has written 388 articles.



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