WHAT IS AN APPRAISAL / VALUATION?
An appraisal /valuation is the art and or science of estimating values of an interest in property for a specific purpose and at a specific time. It takes into account all the features of the property and considers all economic factors. Appraisal / Valuations are for varying purposes. Some of these are:
SOME FEATURES OF AN APPRAISAL /VALUATION
Subject Property Background Data
Demographic and Economic Area Analysis
Subject Site Data
Subject Improvement Data
Appraisal / Valuation Methods