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Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value).Real estate transactions often require appraisals because every property has unique characteristics.
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A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals.It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit".
Here, we break down some of the major differences between a home appraisal vs. a home inspection. What is a home appraisal? An appraisal is a process used to determine the value of a home. Usually ...
We take a closer look at what no-appraisal home equity products are, how they differ from loans requiring formal appraisals — and whether you need a traditional appraisal at all.
An appraiser performing and communicating an appraisal under USPAP may estimate value assuming facts and conditions proscribed by a legal presumption, but a determination would have to be made whether the assumption is an extraordinary assumption or hypothetical condition and communicated appropriately as required under USPAP.
A professional appraiser or real estate agent, however, can visit the home in person, assess the neighborhood as a whole as well as the individual property, perform more thorough market research ...
An appraiser (from Latin appretiare, "to value") is a person that develops an opinion of the market value or other value of a product, most notably real estate.. The current definition of "appraiser" according to the Uniform Standards of Professional Appraisal Practice (USPAP) is: "One who is expected to perform valuation services competently and in a manner that is independent, impartial and ...
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