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Real estate appraisal - Wikipedia, the free encyclopedia

Real estate appraisal, property valuation or land valuation is the process of valuing real property (usually market value). Real estate transactions require ...

California Bureau of Real Estate Appraisers

The California Bureau of Real Estate Appraisers is the first state to transmit appraiser updates to the Appraisal Subcommittee (ASC) in real-time, eliminating the ...

How to avoid a low home appraisal -

A low home appraisal can kill the sale of a home. Here are tips to help ... real estate ... Low appraisals can kill deals reached by buyers and sellers. New rules  ...

Appraisers and Assessors of Real Estate - Bureau of Labor Statistics

Appraisers and assessors of real estate estimate the value of real property—land and the buildings on that land— before it is sold, mortgaged, taxed, insured, ...

The Appraisal Profession - AI Resources | Appraisal Institute

The reasons for performing a real property appraisal are just as varied. They are ... Are There Different Categories of Real Estate (Real Property) Appraisers?

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The Appraisal of Real Estate, 14th Edition | Appraisal Institute

The 14th edition of The Appraisal of Real Estate reflects a new commitment to the essential principles of appraisal and the sound application of recognized ...

Real Estate Appraiser - NYS Division of Licensing Services

A "State certified real estate appraiser" means a person who develops and communicates real estate appraisal and who holds a current, valid certificate issued ...

Zillow: Real Estate, Apartments, Mortgage & Home Values in the US

Fast, free, thorough home search on America's most popular web portal, covering real estate, apartments, mortgages, school data, and home improvement ...

How Home Appraisals Work - HowStuffWorks

A real estate appraisal is simply that -- the expert opinion of a certified, state- licensed professional who determines the value of a piece of property. If your ...

Appraisal - Kaplan Real Estate Education

Kaplan Real Estate Education is the nation's premier appraisal training school for licensing, exam prep, and continuing education for appraisers. Online ...

10 things real estate appraisers won't tell you - MarketWatch

Jan 20, 2015 ... There are about 80,000 real estate appraisers in the U.S. and they play a key role in most home sales: Until they weigh in with a determination ...

Home Buying - Facts About Residential Real Estate Appraisals

Facts About Residential Real Estate Appraisals Appraisals are an Important Part of Your Home Buying Transaction A real estate appraisal helps to establish a ...

Real Estate Appraisal Business Guide: Understanding the Value of Your Commercial Property

If you are an investor considering buying a commercial real estate, you must know as much about a piece of property as you possibly can. One essential piece of information you must know is the value of the property. You can get this information by having an appraisal conducted on the property. A commercial real estate appraisal is typically performed by a trained expert who will look at several factors to determine how much a commercial property is worth.


Investors use appraisals to determine if the property is worth the purchase price. An appraisal is also necessary for insurance purposes as well as for property taxes. Typically, a commercial property insurer will want the value of the property confirmed before issuing a policy. Banks issuing loans will also generally want to know how much the property is worth.



Appraisals work best in situations where an investor is purchasing a property for potential resale or rental income. Knowing the value of the property can help an investor determine how much to invest in renovations if he or she is planning to flip the property. If he or she wants to use it for rental income, knowing the property’s worth can make determining rental rates easier.


Appraisals Save Money

The person selling the commercial property is most likely trying to get as much money as possible for it. This may involve asking more than the property’s worth. Knowing the true value of a piece of real estate can prevent you from overpaying on the property itself as well as on the interest you will be charged on the bank loan. Additionally, your property taxes are based on the value of the property. Therefore, it helps to ensure this number is accurate.


Get the True Resale Value

If you are the one reselling the property, having an appraisal ensures that you get what the property is worth. According to Bloomberg, properties increased 6.3% in May of 2011. Property values change over time. If there have been significant developments in the community since you purchased the property, it may be worth much more than what you have paid. Having this information puts you in a better negotiating position.


Identify Areas That Require Maintenance

An appraiser does a full inspection of the property as part of the process of determining its worth. He or she can identify areas of the building that require attention. As a buyer, you may need to invest money into making these repairs once you own the property. However, you can use this information as a bargaining chip for reducing the overall price.


Insurance Purposes

Almost all insurance companies will want to know the value of the property they are insuring. Additionally, having your commercial property appraised can help settle insurance claims, should something happens to the building.





Appraisals add an additional cost to the purchase of the property. This needs to be factored in as part of the total price of the investment.


Possibility of Low Valuation

Although the real estate market tends to be stable, there are times when values fluctuate. The appraiser looks at the values of surrounding buildings as well as the community as a whole when considering how much to appraise for your commercial property. If there are factors that negatively affect property values in the area, this can result in low valuation. This, in turn, can hurt your chances of getting a good price if you are selling.


Appraiser Mistakes

Appraisers sometimes make mistakes that can lead to financial consequences for you. This includes forgetting to include some parts of a building in the total square footage as well as overestimating the value of surrounding properties. These types of mistakes can make it more difficult to get a loan for the full amount you need to purchase or cause you to overpay for the property.



The cost of a commercial real estate appraisal will vary from region to region and between companies. Some appraisers will also charge according to how much work is done. For example, they may charge one price for a basic report but charge another for a report that includes pictures, zoning research, and other services.


An appraisal for a commercial property can range from $500 to over $3,500 depending on the type of property appraised and the report ordered. Since an appraiser can end up saving you money by appraising the property at the right price, the cost is oftentimes justified.


Investing in an appraisal for your commercial real estate property can save you time and money. If you are a buyer looking for a piece of property to invest in, you can put yourself in a better position to negotiate if you know the true value of a piece of property. Additionally, it will also make it easier to price rental space as well as help ensure you are not paying more taxes than you actually owe.


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