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
Posted by Chris Keeler
http://en.wikipedia.org/wiki/Real_estate_appraisal
http://www.appraisalinstitute.org/
http://www.bls.gov/oco/ocos300.htm
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