Whether you are deciding to buy or sell a property, settle an estate or divide assets during a divorce, establishing the correct value of a property is critical. Estimating the asking or purchasing valuation of real estate property is also important for investment analysis, property insurance and taxation purposes. Here we will detail a few primary considerations in the real estate …
What Qualifications Must Real Estate Appraisers Have?
Appraisal professionals use mathematical, detective and interpersonal skills to properly assess an estimated valuation of a real estate property before it is sold, developed, taxed or mortgaged. To become a qualified appraiser, one must go through the proper training methods and receive the correct licenses or certifications required for a particular state or jurisdiction. To obtain a license, one usually …
What is the Role of an Appraiser?
Whether you are buying or selling a home, going through a divorce or settling an estate, you need a professional and certified appraiser to establish the valuation of the properties or assets involved. Regardless of your situation, you have been given an immense responsibility and want to act prudently. An appraiser provides his clients with the tools and advice needed to properly …
What is a Real Estate Appraisal?
After staking out various properties on the market for months, you’ve finally found your dream home. The asking price is $350,000 – an amount for which your bank already has you pre-approved. Now, how can you be sure the house is really worth the listed amount? That is the underlying question of the appraisal process and it’s also a crucial part of …