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Fouye Real Estate > Real Estate > Real Estate Appraisal
Real Estate Appraisal And What An Appraiser Represents In A Real Estate Transaction
A real estate appraisal is a service performed, by an appraiser. an appraiser is a person qualified by education, training, and experience to estimate the value of real property and personal property.
A real estate appraiser 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. (from Wikipedia)
In this section you can discuss real estate appraisals and your experiences with an appraiser. if you are a proffessional real estate appraiser you can share some tips to help our visitors get the know how about real estate appraisals.
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