About Appraisals

Professional real estate appraisers consult and participate in various decisions about real estate.

Image is a definition of an appraisal... (noun) The act or process of developing an opinion of value; an opinion of value.  (adj.) Of or pertaining to appraising and related functions such as appraisal practice or appraisal services. Source: USPAP 2010

Market value estimates are the most frequent type of appraisal assignment.  However, appraisers are called upon to provide a wide range of additional appraisal services--from consultation to various forms of decision making because of their specialized training and experience.

An appraisal is based on selective research into appropriate market areas:

  • the assemblage of pertinent data,
  • the application of appropriate analytical techniques, and
  • the knowledge, experience, and professional judgment necessary to develop an appropriate solution to a problem.

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