Real estate appraisal

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Real estate appraisal

An estimate of the value of property using various methods.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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When purchasing a house through a mortgage loan, one must bear some portion of the property value. In the UAE, it is mandatory to shell out at least 25-30 per cent of the property value as the down payment; the rest of the amount will be provided by the bank as a mortgage.
After London, Scotland was the next worst performer, with an average property value fall of PS20.59 per day or PS3,768 in total in the first half of 2019.
Meanwhile, rising property values across the country generally mean there are now 17,289 streets in Britain where the average property value is PS1m or over, up from 14,417 in 2017.
Property website Zoopla, which ran the study, said rising property values mean there are now 17,289 streets in Britain where the average property value is PS1m or more, up from 14,417 in 2017.
More than 18,000 property owners in Richland County are receiving notices that their property value has increased, the county said in a news release.
MORE than 14,000 streets across Britain now have an average property value of PS1 millionplus, according to a website.
Investors will be offered an initial payment of 5% and the opportunity to pay 55% of the property value upon completion.
The Davises sued Toyo Tire (Toyo), alleging the tire-manufacturing business located less than seven hundred feet from their home caused nuisance, trespass, and diminished property value. The Davises had resided in their home since 1995.
The average home in the East of England reached a new peak of PS317,000, while the typical property value in the South West reached a new record of PS263,000.
25 January 2016 - Swedish property company Hemfosa Fastigheter AB (STO: HEMF) (STO: HEMFPREF) has reached an agreement concerning the acquisition of three community service properties in the south of Finland at an underlying property value of approximately USD 58.353m (SEK 500m), the company said.
While real estate agents pointed to a downward correction in property prices over the three months to June, households in Dubai remained highly upbeat about both their current and future property values. Around two-thirds of Dubai households (66 per cent) anticipate a rise in their property value over the next 12 months, compared with just 17 per cent that anticipate a reduction.
These properties are being divested to Riksbyggen and Hemfosa's share comprises a property value of approximately SEK315m.