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Appraisal

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:

  1. Mortgages
  2. Purchase
  3. Statutory
  4. Probates (wills)
  5. Peril Insurance coverage
  6. Financial (balance sheet etc.)
  7. Liquidation / Insolvency; among others

SOME FEATURES OF AN APPRAISAL /VALUATION

Subject Property Background Data

Demographic and Economic Area Analysis

Subject Site Data

Subject Improvement Data

Appraisal / Valuation Methods