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A professional appraiser or real estate agent, however, can visit the home in person, assess the neighborhood as a whole as well as the individual property, perform more thorough market research ...
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).Real estate transactions often require appraisals because every property has unique characteristics.
An appraiser (from Latin appretiare, "to value") is a person that develops an opinion of the market value or other value of a product, most notably real estate.. The current definition of "appraiser" according to the Uniform Standards of Professional Appraisal Practice (USPAP) is: "One who is expected to perform valuation services competently and in a manner that is independent, impartial and ...
Property size. Generally, a larger property will cost more to appraise. Needed repairs. Expect to pay more for a home with extensive damage, because it requires extra effort on the appraiser’s part.
In Florida, this official is known as the property appraiser. In Vermont, this office is known as a lister. See also. Appraiser — a similar job in private practice;
Traditional appraisal process. No-appraisal process. Inspection. Licensed appraiser inspects property in person. Uses automated valuation models (AVMs) to assess value