| Appraisal
Basics An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise. |
| Appraisal
Methods An appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using three common approaches, all derived from the market. |
| Appraisal
Needed to Obtain a Loan Usually, individuals applying for a loan are only interested in obtaining the loan and unfortunately are not worried about the prudence of buying the property at the agreed price. |
| Appraisal
Needed to Determine a Home Market Value In the real world, very few individuals order appraisal reports to establish an offering price or to substantiate a purchase price. |
| Other
Reasons to Order an Appraisal There are many reasons to obtain an appraisal. The most common reason is for a real estate or mortgage transaction, but we have compiled a list of other reasons to order an appraisal. |
| Helping
the Appraiser Once you have selected an appraiser, be prepared to answer questions and provide requested information. |
