Real estate appraisal

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Real estate appraisal

An estimate of the value of property using various methods.

Real Estate Appraisal

The act of estimating the value of real estate by a person licensed to do so. A person performing an appraisal must receive authorization from the appropriate body of the state in which he/she resides. A real estate appraisal may take into account the quality of the property, values of surrounding properties, and market conditions in the area. It is important for determining the property taxes for which the owner is liable, as well as a potential sale price, if the owner wishes to sell his/her property.
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In an effort to assess the financial impact of oak wilt, researchers at Texas A&M conducted a study in 1989 and determined that trees represent between 13 and 19 percent of the property value of the average Austin home.
In other words, the property should first be appraised as if the deprivation and any resulting property value decline had not occurred.
One reason for this high level of concern is the fear of a negative impact on property value.
12, 2014 /PRNewswire/ -- New York real estate appraiser HMS Associates is highlighting its service as a way to reign in property value assessments and in turn, decrease taxes for property owners.
Taylor said that sometimes brokers pressure appraisers to come up with a property value that will support a high sale price.
The CFIB notes that residential properties account for 74 per cent of the total property value, because of the tax rates they enjoy, they only contribute 58 per cent of the city's tax revenue.
25 per cent until July 1, 2002, on loans of up to 90 per cent of the property value.
These scenarios, which can affect property value, may not be apparent to the appraiser.
It's available for purchases and remortgages above pounds100,000 and up to 95 per cent of the property value and has an arrangement fee of pounds280.
SDG&E rejected a claim that EMF caused a young girl's cancer or decreased the property value of her parents' home.
The deal is available for both purchases and remortgages, on loans up to 90 per cent of the property value, and the arrangement fee depends on the loan amount and whether the insurances are arranged via the lender or not.
The 4 percent average increase in LTV is primarily a result of property value declines in Southern California, where 61.