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Real estate appraisal is that the true one? Real estate appraisal or property value is the method of determining the value of the property on the basis of the greatest and the greatest use of real property (which essentially results in determining the fair market value of the property). The person who performs this real estate assessment exercise is known as the real estate appraiser or property valuation surveyor. As based on real estate assessment the value is the fair market value. The real estate appraisal is performed using different techniques and the real estate appraisal values the property as different for difference applications e.g. the real estate assessment might assign 2 different values to the sam-e property (Improved value and bare value) and again the same/similar property might be given different values in a commercial zone and a residential zone. But, the value assigned as a direct result real estate assessment might not be the value a real estate investor would consider when assessing the house for investment. Actually, a real estate investor may completely disregard the importance that comes out of real estate appraisal process. The property would be evaluated by a good real estate investor on the basis of the improvements going on in the region. Therefore as performed by a real estate investor real estate assessment could come up with the importance that the real estate investor can get from the home by buying it at a low price and attempting to sell it at a greater price (as in the present). For another standpoint, please consider taking a gander at: bluffton sc real estate foreclosures. Similarly, real estate investor can do their own real estate assessment for that estimated value of the house in, say 2 years time or in 5 years time. Again, a estate investor might perform his real estate appraisal based on what value he/she can make by investing some amount of cash in the property i.e. Get more on our favorite related essay by visiting this site. a estate investor might decide on purchasing a dirty/scary sort of property (which nobody likes) and get some small repairs, painting etc done in order to boost the value of the property (the value that the real estate investor would get by selling it-in the market).