Appraisal Value

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Appraisal Value

The value of a property as estimated by a person licensed to do so. The appraised value 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 the property.
References in periodicals archive ?
Quicken Loans Home Value Index (HVI) shows that appraised values rebounded from Mays more than 1% decline, as the average home appraised 0.56% higher in June.
Quicken Loans Home Price Perception Index (HPPI) showed appraised values were and average of 0.28 percent lower than owners expected, at a national level.
These appraised values of properties are based on many assumptions that have elements of subjectivity and uncertainty, including, among other things, that the company will complete development projects on time; it has obtained or will obtain all approvals required for the development of the projects from regulators, on a timely basis; and it has obtained valid land titles to the development projects.
In July, appraised values exceeded contract prices by an average of 1.38 percent nationwide.
New York: Appraised values with reported year-over-year-appraisals fell slightly for specially serviced U.S.
The consulting firm concluded the Commissioner's appraised values of the land were too low.
Even though officials are limited by law to paying fair market value, Grecco negotiated or approved prices that exceeded appraised values in 22 deals.
Focus instead on replacement cost or some measure of "value in use," like appraised values.
Owner estimates of home values slightly exceeded appraisers opinions in October, although owner expectations moved closer to appraised values than they were in September.
In April, appraised values exceeded contract prices by an average of 1.41 percent nationwide.
In addition, Fannie Mae will provide freedom from representations and warranties on appraised values through Collateral Underwriter and enhanced waivers of property inspection requirements on refinances.
In February, appraised values exceeded contract prices by an average of 1.7 percent nationwide.