Wednesday, September 30, 2009


Real Estate Appraisal is the process of determining the value of a property, or its market value. It can be valued at market, as used, insurance, investment and liquidation values. The price of a property is not always its market value, it could be higher or lower. An appraisal can be used for:
  • Mortgage lending purposes
  • Tax assessments and appeals of assessments
  • Negotiation between buyers and sellers
  • Government acquisition of private property for public use
  • Business mergers or dissolution
  • Lease negotiations
Many realtor's are also appraisers and both are licensed to do so.

Posted by Chris Keeler

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