A real estate appraisal is a service performed, by an appraiser, that develops an opinion of value based upon the highest and best use of real property. The highest and best use is that use which produces the highest possible value for the property. This use must be profitable and probable. Also of importance is the definition of the type of value being developed and this must be included in the appraisal, ie market value, condemnation value, quick sale value, etc. For improved residential property, this value is most often reported on a standardized form, the Uniform Residential Appraisal Report.
In the USA appraisal standards are the province of the Appraisal Foundation which is chartered by Congress and periodocally publishes the Uniform Standard of Professional Appraisal Practice (USPAP). The USPAP state the minimum standards an appraiser/appraisal report must meet. State licensing was established in the early 1990s in the wake of the Savings and Loan "crisis". Licensure and enforcement are state functions. In addition, there are appraisal organizations, private not-for-profits, some of which date back to the Great Depression of the 1930s, such as the American Society of Farm Managers and Rural Appraisers, founded in 1929. Others were founded as needed and opportunity arose in specialized fields, such as the Appraisal Institute and the American Society of Appraisers (founded in the 1930s) and the International Right of Way Association and the National Association of Realtors (after World War II). These organizations all existed to establish and enforce standards, but their influence has waned as the government increases appraisal regulation.
In the UK, real estate appraisal is known as property valuation and a real estate appraiser is a land valuer or property valuer (usually a chartered surveyor who specialises in property valuation). Property valuation in the UK is regulated by the Royal Institution of Chartered Surveyors (RICS), a professional body encompassing all of the building and property-related professions. The RICS professional guidelines for valuers are published in the Red Book.
With so many websites on the internet and appraisal services available, I find that E-Appraisalis one of the best. This site is very informative. It offers you lots of information pertaining to real estate. For example, you can find information about private mortgage insurance, Inspection Report tips and even on divorce appraisal and much more. Whether you are a home owner, you are a buyer of a property or a seller for property, what sort of information you should know, you can find it here.
Basically this company specialise in appraisal services. These are the appraisal services they provide: Mortgage Refinancing, Employee Relocation, Private Mortgage Insurance Removal, Estate Planning and Divorce Settlement.
With their expertise and speciality in this field, they had so many services to offer. This website is simply amazing. Not only can you learn more about real estate transaction, you can also order an on-line appraisal at the convenience of your home or office. You can also see an example of their pricing list.
With such a comprehensive website and easy to read kind of format, I would surely come back to check the site out again. If you would like to have your appraisal done, why not take a look at Real Estate Appraiser in Austin TX!
In the USA appraisal standards are the province of the Appraisal Foundation which is chartered by Congress and periodocally publishes the Uniform Standard of Professional Appraisal Practice (USPAP). The USPAP state the minimum standards an appraiser/appraisal report must meet. State licensing was established in the early 1990s in the wake of the Savings and Loan "crisis". Licensure and enforcement are state functions. In addition, there are appraisal organizations, private not-for-profits, some of which date back to the Great Depression of the 1930s, such as the American Society of Farm Managers and Rural Appraisers, founded in 1929. Others were founded as needed and opportunity arose in specialized fields, such as the Appraisal Institute and the American Society of Appraisers (founded in the 1930s) and the International Right of Way Association and the National Association of Realtors (after World War II). These organizations all existed to establish and enforce standards, but their influence has waned as the government increases appraisal regulation.
In the UK, real estate appraisal is known as property valuation and a real estate appraiser is a land valuer or property valuer (usually a chartered surveyor who specialises in property valuation). Property valuation in the UK is regulated by the Royal Institution of Chartered Surveyors (RICS), a professional body encompassing all of the building and property-related professions. The RICS professional guidelines for valuers are published in the Red Book.
With so many websites on the internet and appraisal services available, I find that E-Appraisalis one of the best. This site is very informative. It offers you lots of information pertaining to real estate. For example, you can find information about private mortgage insurance, Inspection Report tips and even on divorce appraisal and much more. Whether you are a home owner, you are a buyer of a property or a seller for property, what sort of information you should know, you can find it here.
Basically this company specialise in appraisal services. These are the appraisal services they provide: Mortgage Refinancing, Employee Relocation, Private Mortgage Insurance Removal, Estate Planning and Divorce Settlement.
With their expertise and speciality in this field, they had so many services to offer. This website is simply amazing. Not only can you learn more about real estate transaction, you can also order an on-line appraisal at the convenience of your home or office. You can also see an example of their pricing list.
With such a comprehensive website and easy to read kind of format, I would surely come back to check the site out again. If you would like to have your appraisal done, why not take a look at Real Estate Appraiser in Austin TX!
