#38 Which Appraisal Should Be Done?
VIDEO POST #
The information an appraisal produces is key to several aspects of home ownership, some even long after the purchase is finalized.
Simply stated, a real estate appraisal establishes the likely value for a given piece of property. All types of transactions—residential, commercial, governmental and rental—are covered by the process of appraisal.
An appraiser’s role is that of an unbiased and impartial third party who offers highly educated estimates of the value of an entire property—not just the structure, but also the land on which it stands. Neutrality is an important attribute to an effective appraiser, as are their market knowledge, experience and professional certification.
In the”Short-Cut video professional appraiser Ed Newsome explains the uses of a drive by appraisal verses a full blown appraisal.
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