A regular, formal review of a student's performance. An interview or meeting for this purpose. The focus of an appraisal, unlike an assessment, is on improving the student's performance and encouraging her/him to reflect upon performance. See also Assessment; Peer appraisal
(Estimation) The monetary valuation of property made by a competent and qualified person, known as an "appraiser".
an examination that formulates and helps support an opinion about real property value. Usually a professional appraiser is required to perform an examination and render an opinion using one of the following approaches: definition of appraisal defined definition of appraiser defined
The process of accurate estimation of the market value or probable selling price of a property.
The annual evaluation and assessment of teachers and headteachers.
Second and fullest used vehicle evaluation after Valuation. An appraisal would includes Reconditioning costs.
A document appraising the value of something (as for insurance or taxation).
A statement or estimate of the market value of tangible personal property or real estate. Under the federal appraisal regulations for real estate pledged to secure loans, the term "appraisal" refers to a statement of market value that meets the five specific standards. See complete appraisal, evaluations, and limited appraisal.
The opinion of a professional appraiser on the market value of a property.
A determination of the value of property for the purposes of determining the proper amount of insurance to be bought or in adjusting a loss.
Price to be paid in an expropriation.
A written document that contains an an official valuation which has been researched by a qualified professional and will be used for a specific purpose such as Insurance replacement cost, Estate taxation, or Charitable donation.
An estimate of value of real estate; the report stating and supporting the estimated value of realty.
A determination of property value based on recent, verifiable information of sales (and rentals) in the vicinity of the home. Value estimate is prepared based on legally permissible use at the time.
An appraisal is a report which evaluates the condition and value of a property.
A statement of the estimated value of something, such as a house, jewelry or stock. Appraisals can be oral or written.
An official and written estimation of a property value.An appraisal is made by a qualified professional who inspects the property and analyses the various aspects of a property before giving his or her opinion about the value of the real estate.If you are purchasing repossessed homes, the appraisal is usually completed for you by a government agency or lender.Since this appraisal can be rushed, there is a good chance that some of the foreclosed homes you look at will be undervalued, meaning that their actual value will be higher – sometimes much higher – than the appraisal suggests.
A written estimate of the approximate retail replacement value of the item described. They can be used for insurance purposes and should be updated every few years.
An independent assessment of the value of the home you are buying, which the lender requires before agreeing to finance the purchase.
The process of evaluating a person's strengths, weaknesses and development, normally annually, in order to plan for their future staff development.
The process of providing the current market value of your home through a home inspection and/or comparison with other similar properties in the same area.
Report made by a qualified appraiser, using pertinent market data to determine the fair and reasonable value of a specific property.
A certified opinion or estimate of value.
A judgment of the value of a property by an expert -- an "appraiser".
A written evaluation of a specific property to determine its current market value based on recent sales of similar homes in a given market.
The act or process of estimating value.
A professional opinion of value based upon a factual analysis.
Evaluation of the subject property by a licensed real estate appraiser to determine its property value based on a combination of the tax appraisal, a comparison of similar local area property sales prices and related factors.
A formal written valuation for estate, tax or insurance purposes conducted by an appraiser with expertise and knowledge of the item(s) being appraised.
A formal evaluation process through which the value of a diamond (or any item) is determined and documented. It takes into account every aspect of a diamond's characteristics and dimensions, and serves as the basis for determining the proper insurance coverage rate for the item.
A supportable estimate of value (in real estate) of property.
A report that estimates the property’s fair market value based on an analysis of the sales of comparable homes in the same area. An appraisal is required by your lender and must be made by a qualified appraiser.
A written report made by a licensed person as to the current estimate of value. The term also refers to the process by which this estimate is obtained. The " loan-to-value " is usually based on the appraisal value not the sales price.
An opinion by a licensed real estate appraiser about the fair market value of a home.
An appraisal, prepared by a qualified appraiser, is a written analysis of the estimated value of a property.
An opinion of value by a qualified party based on a factual analysis of the property.
A formal evaluation of the fair market and/or insurance value of a given piece or group of property. Fair market value represents what we believe an item would bring at auction. Insurance value reflects what we believe it would cost to replace an item. Since an appraisal is made by comparing the object at hand with similar works that sold recently, an appraiser must know the market well.
Estimate (or professional opinion)of the value of a property, given by a professional appraiser who visits the property being sold or bought and estimates its market value. This kind of information included in the appraisal ranges from the type of property, its condition, and its comparable value in the area of its location.
An evaluation and estimation as to the value of a given property, made by a person so qualified to make such estimations (an appraiser).
A report prepared by a real estate appraiser detailing the analysis of real property which is used to determine the ratio of the loan amount to the fair market value of the property (i.e. the LTV).
An opinion or statement of the value of a property based on comparable sales with similar amenities, square footage, and location.
Opinion as to the monetary value of the property. For example, an appraisal of property provides an idea of how much money the property is worth in the housing market at a given time.
The process of obtaining a valuation from a licensed valuer.
the estimate of the value of the property usually determined by sales comparables.
An official report that determines the fair market value of the subject property by means of using comparable homes that have sold in the same location. This report is generally required by the lender before final loan approval.
A professional evaluation of the market value of an asset.
An opinion of the value of property resulting from an analysis of facts affecting market value.
A written approximation, prepared by an appraiser, of the current market value of a property.
The review and evaluation of an employee's performance.
The process whereby project applications are assessed for eligibility, fit, value for money, and quality.
An estimated value of property, made by a professional in the field.
An evaluation made by a licensed appraiser to determine the value of real estate based on comparable properties.
An estimated value. Financial institutions appraise properties to determine the amount of a mortgage. APPRECIATION: The amount a property increases in value. BUYER'S MARKET: Refers to a market where there are more properties for sale than there are buyers – the lack of demand drives prices down, which is good for buyers.
It is an opinion of the value of a specific property, usually determined by a licensed or certified appraiser, on a given date. It is valid only as of the date the appraisal was made.
A written estimate of the property value prepared by a qualified professional called an "appraiser."
A report compiled by a certified appraiser that includes the probably market value of your home, including similar sales of properties within your community during the last 6-12 months.
An evaluation performed by a licensed gemologist to determine the replacement value of a gem or piece of jewelry.
A report made by a qualified appraiser who estimates the market value of a property. Similar properties that have recently been sold nearby are used as comparisons when determining the market value.
A process which determines the market value of a property. Conducted for the purpose of mortgage lending by a certified appraiser. This appraisal is not to be confused with a building inspection.
Determination of value of property by licensed Appraiser
A written analysis by a qualified appraiser to determine the value of a property.
Assessment, in accordance with established decision criteria, of the feasibility and acceptability of a project or programme prior to a funding commitment. Criteria commonly include relevance and sustainability. An appraisal may also relate to the examination of opinions as part of the process for selecting which project to fund.
A survey of property made to determine its insurable value.
The process of setting a value on a real estate property usually for the purpose of providing a mortgage lender with comfort that his loan is secure on the date of the appraisal. (see Assessment)
A professional report that estimates the market value of a property.
The estimation of the value of an item by a knowledgeable individual.
An estimation of value of real property at the present time or past date, never future. Any of three methods are used where applicable. (A) cost approach (B) income approach (C)market data approach.
A detailed analysis of the market value of a property, performed by a licensed appraiser. Required to establish the relationship between value and the dollars being borrowed against that value.
Professional evaluation of a property's market value.
The estimation of the value of a legal interest in land.
A written analysis of the market value of your motorcycle. Sometimes when you get a motorcycle title loan you are required to get an appraisal.
The process of determining the value and thus the disposition of records based upon their current administrative, legal, and fiscal use; their evidential and informational value; their arrangement and condition; their intrinsic value, and their relationship to other records. (SAA Glossary)
The value on a specific property. The maximum amount of the mortgage will be based on the lesser of the sales price or the appraised value.
To determine the value of certain items that you or your spouse own, for instance your home, you may need to have an appraisal done.
Estimate of market value assessed by an appraiser.
An evaluation of a home/property that determines the current value of a home by comparing it to similar homes.
The process of figuring out how much a home is really worth, given current market conditions. An appraisal, which is done by a qualified expert, is an important part of getting a mortgage. It helps determine the amount of money a lender will loan you to buy a house.
1. The process of determining the value and thus the disposition of documents based upon their current administrative, legal and fiscal value; their arrangement; their medium and format; their condition and future preservation; their accessibility and their relationship to other documents. 2. The monetary evaluation of documents.
A process for estimating the market value of a particular property. The appraised value seldom matches the actual purchase price exactly as other factors influence price. You can get a free appraisal from one of our realtors if you're looking at purchasing another Shane home through the Guaranteed Home Trade-In Program.
The process of evaluating the value of records and determining which records to retain or discard.
A valuation by a specialist of the worth of the property. An appraisal may be conducted for a variety of purposes, including auction, insurance and probate. The stated values may differ depending on the purpose of the appraisal. Sloans & Kenyon conducts both written and verbal appraisals. For questions on appraisals, please contact Stephanie Kenyon at (301) 634-2330, or at
[email protected].
A valuation of the property about to be purchased or refinanced, which includes a review of both the structure and appearance of the home as well as other factors, such as the values of other homes in the neighborhood.
A report which attempts to determine the market value of a subject home by comparing it to other homes of similar size, design etc. that have sold under market conditions.
an estimte of what apiece of property would sell for in the current market
The process of determining the worth and thus the disposition of records based on their long-term legal, fiscal, administrative, and historical values. [Back
how the value of a record is measured in order to determine at what stage it should be destroyed or kept during its lifecycle. Criteria for appraisal are based on the primary (administrative, fiscal, and legal) and secondary (evidential and informational) value of records.
The process of determining the value of a property.
An opinion of value based upon a factual analysis. Usually hired by the Buyer or Buyer´s Lender if applicable.
An opinion of value based upon factual analysis. Legally , an estimation of value by two disinterested persons of suitable qualifications.
A report made by a qualified person as to the value of a property as of a given date.
an expert opinion of the value or worth of a property.
A report that sets forth an estimate or opinion of value.
An appraisal is a written estimate of the value of something. In real estate, it is a professional opinion of the market value of property (such as a home) as of a given date.
An estimate or opinion of value supported by factual information as of a certain date.
A formal estimate of market value, usually a conservative figure, stating the selling price of the house in a given market.
A professional estimate of the market value of a property, based on prices that have been recently paid for similar properties in the same area. This usually a requirement by the bank to make sure you are paying market value, not just for your sake, but they are if they are going to give you the money for the property then they have to make sure they can get all of it back out.
Appraisal is the process of estimating fair market value of an asset. Appraisals are routinely required for real estate transactions. An appraiser should be a certified professional. He or she should be an independent party to the transaction in order to avoid potential conflict of interest. Real estate appraisers use methods that are common in local practice. Comparable-sales method is widely used to appraise real estate.
an estimate of the value of subject property by an independent licensed appraiser.
Opinion or estimate of the value of a property at a given date.
A report made by a qualified appraiser which sets forth an opinion or estimate of the value of a parcel of real estate. This term also refers to the process by which an appraisal is made.
a valuation of property by the estimate of an authorized person.
A survey that determines the insurable value of an item.
Process by which the mortgage lending value of a property is determined.
An estimate of the quantity, quality or value of something. The process through which conclusions of property value are obtained; also refers to the report that sets forth the process of estimation and conclusion of value.
An estimate prepared by a licensed appraiser of the value of real estate property.
An evaluation of a piece of property to determine its value.
An estimate of the value of a home, made by a professional appraiser. The maximum amount of the mortgage is usually based on the appraisal.
The act or process of determining the value of something. See Valuation
A professional assessment of a property's market value.
An estimate of the fair market value of land and improvements at a particular point in time.
An evaluation of the monetary worth of an object.
An estimate of the value of the property, made by a qualified professional called "appraisal."
An opinion or estimate of value. For residential properties the appraiser would utilize the Uniform Residential Appraisal Report, (URAR)
An professional estimate of value of any property such as real estate by a third party. Virtually all financed mortgages will require an appraisal.
A report that estimates the value of real estate.
is an estimate of the property's value for lending purposes.
A review of a property claim to determine the value of a particular item, or the value of the loss to the damaged property.
A written estimation of the current value of a home made by a qualified appraiser.
Is an expert evaluation of the current, probable market value for a property. It is not necessarily the market value or transaction price.
The value assigned to a figurine by a recognized authority. Note: Goebel does not participate in appraising.
The act of estimating the value of property. An estimate or opinion of value.
Unbiased, professional opinion of a property's value based on its style and appearance, construction quality, usefulness, and the value of comparable properties.
estimating the value (often the market value) of property.
A survey of values in order to determine the appropriate amount of insurance to be written or the proper amount of loss to be paid.
Professional opinion or estimate of the market value of a property.
A professional estimate of a property's market value
A report made by a qualified person setting forth an opinion or estimate of property value. The term also refers to the process by which this estimate is obtained.
The act of process of estimating value.
A written estimate or opinion of a property's value prepared by a qualified appraiser.
A written estimate of market value of a property, often in comparison with other properties.
A professional opinion of the value of your home.
An in-depth study of the business-plan, verification of the data given checking on the venture's promoters and a preliminary valuation.
an evaluation of the property's value. The appraiser visits the house and reviews recent selling prices of similar homes in the area. You will probably pay the appraisal fee at closing or before.
The process of valuing property. What would a willing buyer pay a willing seller for the property? Source: Barnstable County Registry of Deeds‘ Web site
a determination of a property's value based on objective property and overall market analysis.
A valuation of property conducted to determine the amount of insurance to be purchased or the amount of damage to be paid.
An estimation of value based upon a factual analysis.
(1) The act of appraising. (2) The estimated value resulting from such action. Refer to APPRAISE.
a written estimate of the value of a property, made by a licensed real estate appraiser.
An opinion of value assigned to the property by an independent, trained and licensed appraiser. The appraisal enables the lender to make a determination to lend and how much. The appraisal informs both lender and buyer the value of the property relative to the specific market place.
An estimate of a properties value which is made by a qualified professional called an appraiser.
An inspection of the property to assure that its market value exceeds the amount of the loan. A fee may be charged for the appraisal.
A professional opinion of the value of a business or other property. See also Valuation.
A written analysis of the estimated value of real estate prepared by a licensed Appraiser.
An estimate of real estate value, usually using recent comparable sales in the neighbourhood is the most important factor in determining value. This should be contrasted against the home inspection.
The process of evaluating business activities to determine which records need to be captured and how long the records need to be kept, to meet business needs, the requirements of organisational accountability and community expectations.(AS 4390 Part 1 Clause 4.3)
An estimate of the fair market value of a property resulting from an analysis of facts about the property, such as recent sales of neighboring properties.
This a written analysis of the market value of a piece of real estate made by a professional who estimates the value of a property.
This is a professional estimate of the market value of a property.
A valuation of a property done by a licensed appraiser. An appraisal carries legal weight. Only a licensed appraiser can provide an appraisal. Real estate brokers and licensed salespeople can provide a "Comparative Market Analysis," in which they can estimate the market value of a property; however, this does not carry any legal authority.
An opinion of the market value of a home expressed by a real estate appraiser.
Mortgage lenders require an appraiser to give an opinion of the market value of a house a homeowner wants to sell or refinance. This professional opinion helps to protect the lender from lending money on a house that is worth less than the amount the buyers have agreed to pay for it or that the seller wishes to obtain when refinancing the existing loan. For typical houses, the appraisal fee is in the $200 to $300 range and is usually paid for by the borrower.
An estimate of the value of your property, made by a licensed appraiser according to a strictly defined set of guidelines and definitions.
An estimate of value based upon a factual analysis of a property or home.
A statement of value or estimation of the value of a property as of a certain date conducted by a licensed appraiser with qualifications. Generally, value for single family properties is based upon a review of recent market activity using sales of comparable properties as a basis and then making value adjustments based upon the comparison of comparable property to the subject property.
a written report which determining the property's estimated value based on an analysis of sales of similar homes.
An estimate of quantity, quality or value. The process through which property value is established.
The process in which a licensed or authorized person gives an estimate of property value.
A report that states an estimate of the value of the home.
The process of determining the value of property, usually for lending purposes. This value may or may not be the same as the purchase price of the home.
Analysis of a proposed project/ programme to determine its merit and acceptability in accordance with established criteria. This is the final step before a project/ programme is agreed for financing. It checks that the project/ programme is feasible against the situation on the ground that the objectives set remain appropriate and that costs are reasonable. In short, this is the process of checking the quality of a programme/project design prior to approval. Term often synonymously used: Feasibility study / Ex-ante evaluation. "
An estimate of real estate value. The most important factor in determining its value is comparable neighborhood sales.
A written estimate of a property's current market value prepared by a skilled and licensed professional appraiser. The appraisal is based on the condition of the property and neighborhood as well as recent sales for similar properties. Typically the lender selects the appraiser, but the borrower pays the appraisal fee.
An estimate of value usually obtained through sales comparables.
A written analysis of the estimated value of a property prepared by a qualified appraiser.
Process of valuing property, or a real estate professional’s estimate of a property’s value.
Estimated retail value of an item.
The act or process of estimation value
The procedure for determining the fair market value of an asset for equitable distribution in divorce.
Carried out by a potential selling agent and, in their opinion, is the current marketing price of the property.
An Appraisal, unlike a grading report, appraises the value of your entire piece of jewelry. This record includes a photograph of the piece, a description, as well as cut, color, clarity, and carat information about your diamond. This report can be used with your insurance agent to get insurance rates, as well as establish your retail replacement value, incase of loss, damage or theft.
The professional estimate of your property value, usually done by an appraiser.
Is a judgment or estimate of the quality or value of real estate, made by a licensed appraiser, as of a given date.
a report made by a qualified appraiser to estimate the value of property.
The process of estimating, fixing, or setting the market value of real property. An appraisal may take the form of a lengthy report, a completed form, a simple letter, or even an oral report.
An opinion as to the fair market value of land and the improvements on it.
The estimate of the value of the property offered as security for a mortgage. This is completed by an independent appraiser and may or may not match the purchase price.
A written estimate of the approximate retail value of the item. Appraisals can be used for insurance purposes and should be updated every few years due to changes in market price.
An evaluation carried out to establish the potential market value of a domain name. Since the market for domain names is still in its infancy, different companies may arrive at very different appraisal values for the same domain name. Therefore, appraisals should be used as a rough guide to the value of a domain name, but should not be taken too seriously.
Appraisal provisions appear in the loss settlement portions of property policies and are a contractual arbitration provision intended to resolve disputes over the amount of a loss. Coverage questions cannot be decided in appraisal proceedings.
A survey to determine a property's insurable value, or the amount of loss.
A process for estimating the market value of a particular property. It can help the purchaser determine what price to offer. It can also be used by the lender for mortgage purposes. The appraised value seldom matches the actual purchase price exactly as other factors influence price.
An expert opinion on the value of a property
the process of evaluating records based on their value to an organization, particularly when used to determine if the records have permanent historical value
A written analysis prepared by a qualified appraiser and estimating the value of a property.
A valuation of property by the estimate of a licensed real estate appraiser.
An opinion or estimate by a qualified person of the property value.
An estimate of the value of a home or property. The appraisal is performed by a certified appraiser on behalf of a lender (such as a bank) to ensure that the value of the property matches (or exceeds) the funds being loaned.
An estimate or opinion of value of a property. Also, the act of estimating value.
Lenders are interested in the value of a home, especially from one point of view — how much it would sell for in case of foreclosure. For this reason, a lender selects an appraiser who uses current sales prices as comparables for a "real" price estimate, conservative by nature rather than optimistic of future appreciation. The appraisal fee, normally $300 for a moderately-sized, single-family home, is paid by the buyer.
A written report by a qualified person that determines a property's value based on recent sales information of similar properties.
An estimate of value, market value, or value for loan purposes, or as described by the appraiser of an adequately described property as of a specific date.
The amount that an appraiser says your property is worth. Be wary of an appraisal report supplied by the current owner of agent acting for the owner.
An official estimation of the value of a property.
A report made by a qualified appraiser setting forth an estimate of value on a property based on factual analysis.
An evaluation to determine the price for which a property would sell in the current marketplace.
A professional estimation of the value of the property.
The authentication and valuation of an object or specimen. In certain countries the term is used for an independent assessment of a proposed gift for tax benefit purposes.
Opinion as to value of property; a conclusion resulting from an analysis of facts affecting fair market value.
Professional service provided by a registered, licensed, or certified appraiser or real estate licensee to produce an estimate of value
An opinion of value reached by an appraiser based upon recent sales information for similar properties, the condition of the property and the neighborhood’s impact on future property value. The cost of the appraisal is part of closing costs.
The process through which estimates of property value are obtained for a fee: the estimate of the value of property.
An estimate of real estate value, usually issued to the standards of FHA, VA, and FNMA. Recent comparable sales in the neighborhood are the most important factor in determining value.
Also called a “Valuationâ€. The act or process of determining the value of a business, business ownership interest, security or intangible asset.
an expert or official valuation of a home. The lender will hire a qualified professional who makes an independent judgment of the home's value based on its condition, prevailing prices in the neighborhood, resale values, age and other factors. An appraisal is different from a home inspection.
An assessment of the value of a piece of property. Benefactors contributing real or tangible personal property (art, books, collectibles, etc. ) must secure an independent appraisal of the property to substantiate the value they claim as a charitable deduction.
An expert or official valuation, as for taxation.
The process of determining the value of the property.
An opinion of value. It is an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate. In developing an appraisal the appraiser: (1) gathers data, (2) analyzes that data, and (3) draws logical conclusions therefrom.
An estimate of the value of property, made by a qualified professional called an "appraiser".
A process of valuation of property to determine how much insurance to be written or how much loss to be paid out.
Report that states an estimate or opinion of value (such as an estimate of value for a house).
An estimate of the value of the property. One may have an appraisal to determine the offering price during a sale.
A professional estimate of your property's current market value.
A written report by a state-licensed professional that includes an unbiased analysis of the property's value and the reasoning that led to that opinion. An appraisal report is required for any property sale.
The process by which an archivist determines the administrative, legal, fiscal, historical and long-term research value of records and selects records for retention in the archives.
a written document by a professional appraiser estimating the value or quality of an asset as of a given date.
An individual's judgment of the value of the piece of property.
A fee charged by an appraiser to render an opinion of the market value of your home as of a specific date. Required by lenders to obtain a loan.
An evaluation made by a lender to establish the value of a home before the lender approves a loan on that home. Typically done at the completion construction when the construction loan is converted to a mortgage. Log homes typically appraise for 10-20% higher than conventionally constructed homes.
An appraisal is the process of defining and reporting the market value of specific property on a certain date. A licensed and/or certified real estate appraiser conducts an appraisal.
A professional evaluation of the value of a home or other piece of property made by a professional who is familiar with local real estate prices and markets.
An instrument used in valuation of the subject property by comparing it to other similar properties recently sold in the market area to determine the Fair Market Value.
For mortgage lending purposes it is a process whereby the (lending) value of the property is determined. The lending value may or may not match the purchase price of the home. An appraisal done for mortgage lending purposes is carried out for the benefit of the lender or the mortgage insurer.
A professional analysis, including references to sales of comparable properties, used to estimate the value of the property.
The evaluation of records to determine their value and proper disposition.
An agent's view of the reasonable selling expectation of a property.It is not a valuation in NSW.
A written estimate of a property's current market value prepared by a qualified professional, using methods of valuation required by law.
Evaluation of a specific piece of personal or real property. The value placed on the property evaluated.
The examination of property by a professional appraiser to estimate fair market value.
The process of determining the value and thus the final disposition of records, making them either temporary or permanent. See also EVALUATION (1).
A written justification of the price paid for a property, primarily based on an analysis of comparable sales of similar homes nearby.
A report made by a qualified appraiser setting forth an opinion of estimate of value. The term also refers to the process by which the estimate is obtained.
an opinion and an estimate of value(of real property) based on the integrity and competence of the appraiser as well as the soundness and skill with which the available pertinent data is evaluated and processed.
A PROCESS WHICH DETERMINES THE MARKET VALUE OF A PROPERTY. THE MARKET VALUE MAY OR MAY NOT MATCH THE ACTUAL PURCHASE PRICE OF THE HOME.
In real estate, the estimate of the value of real property. The most common method for single family units is the sales-comparison approach in which the estimate of value is obtained directly from experiences in the real estate market (see “comparable” below).
An estimate of the Fair Market Value of a piece of property, arrived at by comparing sales of similar properties comparables in the local area within a recent period of time. The appraisal must be done by a licensed appraiser.
An expert valuation of property.
The report made by a qualified person, in which he gives his opinion as to the value of a property.
An expert judgment of estimate of the quality or value of real estate at a given time.
A process that determines the market value of a property.
A report made by a qualified person (or appraiser) which states their opinion of the estimated value and quality of the property as of a given date.
A written justification of value of a property, usually based on ananalysis of the price paid for similar properties in the area.
A process, which determines the market value of property. This will usually be performed by a professional appraiser who will prepare a comprehensive report complete with photographs of the home. When you deal with us at INVIS, one copy will be given to you for your records.
A professional, written opinion of a property's estimated market value by an impartial party. The value is estimated based on the property's style and appearance, construction quality, usefulness, and the value of similar properties in the same or nearby community that recently have been sold. An appraisal is NOT a warranty of value and does not indicate that a property is a habitable, sound, etc.
An opinion of your property's saleability and estimated market value based on current market conditions and your property's characteristics.
An estimate of a home or piece of real estate’s value conducted by an individual considered to be an expert on valuating a home. Appraisals typically determine the amount of money lenders will loan on a particular property.
A formal written estimate of the value of a home. It is usually paid for at the time of loan application.
An estimation of value, or the price a property would bring in an open market.
An estimate of opinion and value based upon a factual analysis of a property by a qualified professional.
An expert analysis of the value of a property, often used to justify the price paid for a property in order to obtain a mortgage.
is a defensible estimate or opinion of fair market value.
An evaluation of property to determine its value. An appraisal is concerned chiefly with market value--what a home would sell for in the current marketplace.
A written estimate of a property's current market value prepared by an appraiser. These appraisals must be done by licensed appraisers approved by the lender. Balloon mortgage - A mortgage loan that requires the remaining principal balance be paid at a specific point in time. For example, a loan may be amortized as if it would be paid over a thirty year period, but requires that at the end of the tenth year the entire remaining balance must be paid.
Process of valuing property; what a willing buyer would pay a willing seller when neither is forced to contact.
An estimate of the value of a property, made by a State Licensed professional appraiser
An estimate of value based upon an analysis of information.
A written assessment of the value of a property prepared by a qualified appraiser. Not to be confused with a home inspection.
This is when a professional appraiser does a complete inspection of the home to determine its current value.
A report prepared by a qualified real estate appraiser which creates an estimate of the fair market value of a property.
The valuation for collateral purposes of property, such as equipment or inventory, against which a loan is to be made.
A professional estimate of the current market value of your property used by the lender in approving your mortgage loan.
An estimate of the fair market value of property, made by a professional appraiser.
An evaluation of the value of a specific item of property, usually as conducted by a person with expertise with respect to such property.
A written assessment of the suggested price, or value of a property, based on an analysis of comparable sales of similar homes in the vicinity. The appraised value is really only an opinion of a property's fair market value, based on an appraiser's knowledge, experience, and analysis of the property. Since an appraisal is based primarily on comparable sales, the appraisal usually comes out to about the purchase price.
An evaluation to determine the insurable value of property or to determine the amount of a loss.
The assessment of the market value of the property at a given date.
A survey by a Claims Representative or Claims Appraiser estimating the amount of damage to property and the cost to repair.
A professional analysis to determine the estimated value of your home, usually required by the lender. This may or may not require an interior inspection. Paying for the appraisal is usually the responsibility of the borrower.
Is a written report of the estimates value of a property. A qualified appraiser, usually employed by the bank/lender, conducts the valuation.
Process that determines the value of property, or the extent of damage, usually performed by an impartial expert.
An estimate or opinion of the value of a piece of property as of a certain date.
A formal opinion or estimate by one who is qualified to evaluate factors of value. In a real property appraisals, the propose of the report given might affect the type of report issued, e.g., insurance, market value tax assessment, etc.
An evaluation of property made to ascertain either the appropriate amount of insurance to be written or the amount of loss to be paid. (G)
the estimated value of property as determined by an appraiser, based on sales of comparable property or income potential.
The process of determining the value of a home, usually for lending purposes. This value may differ from the purchase price of the home.
An independant evaluation of the property. The Lender will usually require that you hire an independent appraiser to estimate the current market value of the house. The appraiser has no vested interest in the purchase/sale and as such can estimate the "fair market value".
A written estimate of the current value of your home. The appraisal is prepared by a certified/licensed appraiser by comparing the subject property to similar homes that have sold in the area. Some of the factors that are considered in the appraisal include the location of the property, the style of home, the physical condition of the home and the homes features (i.e. number of bedrooms, baths, fireplaces, etc.) The appraisal is NOT an inspection and should not be relied upon as such.
An opinion of the value of a property based on factual analysis by an appraiser.
An individual's opinion as to the value of an item. This value can established for market value, replacement value, or insurance purposes. Usually each successive value class is somewhat higher than the previous listed catagory value.
An estimation of the value of a property on a certain date given by a qualified person, usually after an inspection of the property. The professional examination of property for the purpose of estimating the current market value or worth of a property. See also "APPRAISAL REPORT".
An estimated, defensible, and carefully documented opinion of value in a report detailing the process of estimation and conclusion of value by a licensed professional appraiser.
Determines value of property being used as collateral.
A licensed appraiser's estimate of a property's monetary value on the open market; Justifies the contract purchase price.
A written estimate of a property's current market value based on factors such as: (1) rental income, expenses and capitalization rate, (2) recent sales information for similar properties, (3) cash equivalency value (see definition below), (4) the condition of the property and (5) the neighbourhood's impact on marketability.
the process of estimating the value of real estate or any interest therein as of a given time and for a specified purpose.
For real estate, an estimation of the worth of a given property, expressed as market value. Determining the market value of timeshare properties is not an exact science. Because of this, timeshare appraisals are viewed as lacking credibility, especially when an appraiser charges a fee to assess the value of a timeshare property. Many timeshare resale companies offer a market value survey as an alternative to appraisal.. This survey will compare the price of the property in question with current listings for similar properties, enabling the seller to price his or her property aggressively yet still receive adequate compensation.
A written report prepared by an appraiser to determine the estimated value of a property. Property condition, home size, lot size, marketability and the recent sales prices of comparable homes in the immediate area are among that factors used.
A survey of a property completed by a professional appraiser to determine the estimated value of the property.
The amount a professional appraiser determines your home and its property to be worth.
An estimate or opinion of value of a subject property.
A written report of the estimated value of a property prepared by a certified real estate appraiser.
An estimate of the fair market value of the property conducted by a certified appraiser and approved by DJM Home Lending Group
An evaluation or estimate (preferably by a qualified professional appraiser) of the market or other value, cost, utility, or other attribute of land or other facility.
The process of developing and communicating an opinion about a property's value. An appraisal is usually required when real property is sold, financed, condemned, taxed, insured or partitioned. Note that an appraisal is an estimate not a determination of value. It may be in the form of a lengthy written report, a completed preprinted form, a simple letter or even an oral report.
An analysis, opinion, or conclusion relating to the value or nature of specified interests in identified real estate. An estimate of value, or the process of estimating value, as of a specific date.
A report made by a qualified person setting forth an opinion or estimate of property value. (Appraisal also refers to the process through which a conclusion on property value is derived.)
A professional estimate of value. This is based on most recent sold comparable properties. It is necessary for the Mortgage Lender to determine the amount of money it will loan. A qualified professional Appraiser performs this.
An expert judgment or estimate of the quality or value of real estate as of a given date.
A report made by a qualified person indicating the value of a property at a given date as compared to recent market sales.
An estimate of a property's valuation by an appraiser who is usually presumed to be expert in this work.
A valuation or estimation of the value of a property by a disinterested person with suitable qualifications. The value for sing-family properties is based upon a review of recent market activity using sales of comparable properties as a basis and then making value adjustments based upon the comparison of the comparable property to the subject property. Commercial, income producing and special purpose properties may have their value estimated using methods other than the comparable property approach.
A written estimate of the current market value of a property. It entails a comparison of recent comparable sales (comps), as well as an analysis of the cost to rebuild the property in its current condition.
When financial institutions, insurance companies and government assessors all do, separately, to determine a home's loan value. Buyers usually pay for their lender's appraisal.
A professional opinion in the value of a property due to changes in market conditions or other causes.
Estimate of the real or market value of a property, that is, what the owner could reasonable expect to get upon sale. Estimates are usually made by professional real estate appraisers.
An independent assessment of the property by a qualified individual. A statement giving an opinion of value of an adequately described property, as at a specific date and supported by pertinent data.
The current market value of a specific property, in a written evaluation, based on recent sales of similar homes in a given market.
An estimate of how much a property is worth.
An estimate or opinion of the value of a property by an impartial person skilled in the analysis and valuation of real estate. Not to be confused with a Realtor's market evaluation.
A ''defensible'' and carefully documented opinion of value. Most commonly derived using recent sales of comparable properties by a licensed, professional appraiser.
is an estimate of market value, as assessed by the appraiser. Market value is considered to be the price a ready buyer would pay a voluntary seller; and that information is reflected in recent sales data. Many timeshare appraisals have been shown to have no basis in reality, fail to show truly comparable data, and/or cannot lend credibility to the sales process. The need and legitimate use of appraisals in the timeshare market has often been questioned. It appears that some resale companies requiring an appraisal to accept a listing also own the appraisal company they recommend.
The process through which the value of the property is determined for a mortgage. The lending value may or may not match the purchase price.
A formal estimate of the value of something on the open market. It also describes how the estimation and conclusion of value was made.
Marketplace value attributed to a piece of property by a professional appraiser.
An opinion by a licensed real estate appraiser regarding the fair market value of a property.
legal opinion of property value completed by a licensed person, or process by which a value estimate is obtained
A written estimate of the value of real estate as of a given date and always performed by an appraiser.
A report created by a licensed professional that estimates the fair and reasonable market value of the subject property.
An estimate of the value of property usually done by a qualified appraiser.
An expert evaluation of a property to determine what the piece of property is worth in the marketplace.
An opinion of value that is objective, unbiased, and is supported by research and data.
The process through which conclusion of the property's value is obtained; also refers to the report seeting forth the process of estimation and conclusion of value.
is a document supplied by a licensed independent "third party" estimating the fair market value of a particular property or home. An "appraisal" allows both the buyer and lender to determine estimated values of a property or home.
When a person finances the purchase of a home, the lender will require the buyer to pay an appraiser to make an estimate of the fair market value (FMV) of the home. The appraiser makes this estimate by evaluating sales of comparable homes in the area.
You must pay for the mortgage lender to hire an appraiser to give an "opinion of value" (that is, the appraiser gives a measure of the market value) of the house you want to buy. This professional opinion helps to protect the lender from lending you money on a home that is worth less than what you've agreed to pay for it. For typical homes, the appraisal fee is in the $200 to $300 range.
Determining the market value of a property by an independent appraiser. This value is not necessarily the same as the selling price.
An estimate of the value of property, made by a qualified professional state licensed or certified appraiser.
A written report by an appraiser containing the appraiser's opinion as to the value of a property and the reasoning leading to this opinion. The factual data supporting the opinion such as comparables, appraisal formulas, and qualificati ons of the appraiser will also be set forth.
The dollar value assigned to a person's property by the Property Appraiser. This amount, less any exemptions, is the basis of the ad valorem portion of the tax.
A written estimate of the value of a property based upon factual analysis.
An 3rd partyâ€(tm)s opinion of a propertyâ€(tm)s fair market value, based on an appraiserâ€(tm)s knowledge, experience, and analysis of the property on a specific date.
An estimate of the worth of a piece of property, especially an estimate of the market value of a piece of real estate by a competent party having knowledge of real estate prices and markets.
An estimate of value done by a licensed or certified appraiser. Lenders usually require that the property appraise for the selling price before they will approve a mortgage loan.
An estimate of the value of a property based upon comparison of real estate prices and the market for real estate.
This is an estimate of the current value of the property (the 'subject property'), using one or both of the following techniques; The majority of residential appraisals use the market value comparison approach, comparing recent sales of similar properties ('comparables' or 'comps' in real estate jargon) and adding and subtracting the differences in value of the same features in the subject property. For example, if a house of the same size on the same street and in the same condition as the subject property recently sold for $200,000, but this 'comparable' had a triple garage and a finished basement and the 'subject' does not; the appraiser calculates the market value of these features (say, $12,000 in total) and deducts this amount from $200,000, giving an 'adjusted value' of $188,000. This is usually done with at least three 'comparables' and either averaged or the middle ('median') value used. A supporting measurement of value used by many appraisers is the "depreciated cost" approach, whereby the land value is estimated and added to an estimate of the depreciated building value. Where there are few comparables available, relatively more weight might be given to this method.
A process which determines the estimated value of a property. An appraisal is only valid when completed by a qualified professional.
Conducted by an appraiser to give you the market value of the house you want to buy. The appraisal protects the lender from lending you money for a house that worth less that what you've agreed to pay for it. You pay the appraisal cost, which is usually between $200-300.
A form used to apply for a mortgage loan and to record pertinent information concerning a prospective mortgagor and the proposed security. Lenders use the information on the loan application to evaluate whether or not they can give the loan, and if so, the amount of money they can lend.
A method of giving an estimate of fair market value for property.
An expert's estimate of the value of a piece of real estate as of a particular date, based on a documented analysis of the property's features; also called a valuation.
An unbiased, professional opinion of a property's value based on a number of objective factors, including: recent sales prices of similar properties in the same area, the type of property and the features of the property.
The estimate of value is generally obtained by comparing homes similar to the "subject" home within the same location or neighborhood.
An estimate of the value of property by a disinterested person with appropriate qualifications. It is used in a probate case to establish estate value.
An estimate of value of a property by a professional third party.
The professional examination of property for the purpose of estimating its current market value. Also, the written report of the same.
An evaluation of the actual replacement value of a piece of jewelry. This practice is often done by a licensed gemologist.
An opinion as to the fair market value of property.
A report written by a qualified expert that states an opinion on the value of a property based on its characteristics and the selling prices of similar properties or comparable properties in the area.
An assessment of the value of a property. An appraisal is usually required for refinancing of a loan. Asset - Something of value that you own.
The estimation and opinion of value placed upon a piece of land based upon a factual analysis by a qualified professional; the process of estimation and the report itself.
Estimate of value established by a licensed appraiser, which compares a subject property to recently sold comparable properties.
An opinion of value based on factual analysis. Legally, an estimation of value by two discriminated persons of suitable qualifications.
an estimate of how much a house would sell for if it were sold; also called its market value. Appraisal fees generally range between $300-$400.
A professional appraiser assesses the market value of the home forming the basis of what the lender is willing to Lend.
An estimated value of the property. As part of the loan approval process, the lender will hire an appraiser to assess the property and determine whether the loan amount is appropriate to its value. The appraiser uses several factors to determine the property's value, including its size, location, condition and the sale price of recently sold comparable properties in the area.
An opinion or estimate of the current value of a property.
An independent evaluation of the property. The Lender usually requires an appraiser to determine the current market value of the property for lending purposes.
Analysis of value performed by a certified appraiser for an accurate determination of market value or useful value. Generally the value used by lenders and insurance companies.
An estimate of quantity, quality or value; the process through which conclusions of property value are obtained; also refers to the report setting forth the process of estimating value. (See also appraisal process.)
A declaration of the estimated value of real estate.
An estimate or opinion of the value of a property provided by a professional appraiser.
An estimate of the fair market value of a specific property arrived at through application of certain techniques which consider many market condition and economic aspects.
A professional, formal, written estimation of the value of property.
A written estimate of a property's current market value, based on recent sales information for similar properties, the condition of the property and the neighborhood's impact on future property value. It is required to purchase or refinance your new home or property.
The process of estimating the value of an asset. An appraisal is specific as to time and location.
An estimate of value, as determined by an independent agent familiar with local real estate values. "
A professional evaluation of the value of a home or other piece of property. It is often required by a lender.
An evaluation to determine what a piece of property would sell for in the marketplace.
A report by a licensed home appraise that evaluates a home and justifies the price paid for it, based mainly on the prices paid for comparable homes in the area.
a professional analysis or opinion made by a qualified appraiser of the estimated market value of the property. the lender use the appraisal to get an estimate of how much the property is worth, because he uses the property as a security against the money he lends.
Detailed written report of the estimated market value of a subject property by a licensed Appraiser.
an opinion or estimate of value. The process by which this estimate is obtained includes comparing a property to similar properties in the same market that have recently been sold.
Determination of the value of property, or the extent of damage, ususally by impartial experts. Provided for by a clause in some types of insurance contracts.
The act of estimating the market value of a property.
The written estimate of a property's value. It is prepared by an appraiser.
Refers to the valuation of property for establishing a proper amount of insurance prior to a loss or determining the value of the property resulting from a loss by an insured peril.
A written report establishing the market value of the property. Appraisals must be performed by state licensed and/or certified appraisers according to Uniform Appraisal Standards.
A written report by a licensed appraiser containing an opinion as to the value of a property and the reasoning leading to that opinion. Required by most lenders to obtain a loan.
Lenders require an independent assessment of the value of the home you are buying before agreeing to finance the purchase.
An appraisal is a written analysis of the estimated value of real estate, usually conducted to determine the loan amount. Appraisals on behalf of lenders are prepared by licensed appraisers.
An expert's estimate or judgment of the quality or value of real estate at a given date.
A formal opinion or estimate of value by one who is qualified to evaluate factors of value. In real property appraisals the purpose of the opinion may affect the type of report issued , e.g. insurance, market value, tax assessment, etc.
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
An estimate of a property's value.
A procedure in which a qualified individual estimates the value of a piece of property.
Formal valuation of property, made by a competent authority.
A written analysis and estimate of a property's current market value prepared by a qualified appraiser.
A survey by an impartial expert estimating quantity, quality or value of property to determine its insurability or the amount of loss sustained.
An assessment of your home's current market value conducted by a licensed professional (an appraiser). Mortgage companies require a current appraisal as part of the loan approval process. To determine your home's value the appraiser visits your home and takes into account factors such as: physical condition; neighborhood comparable's (based on average dollar per square foot); and construction comparable's (how much would it cost to rebuild the home).
1. The act of determining the worth of records and papers to either the creator or the archives based on primary values, such as their administrative, legal, or financial usefulness, or secondary values, such as their historical, informational, evidential, and research values. 2. The monetary evaluation of historical materials.
An independent assessment of the value of the home you are buying. Lenders require this be done before agreeing to finance the purchase. Appraisals should be ordered by your mortgage broker as each lender's requirements vary.
A report by a qualified person setting forth an opinion or estimate of value and any reservations or conditions. It is the process by which this estimate is obtained.
A professional opinion of the market value of a property.
A formal, written estimation of the current market value of a home. Market value is based on its condition and the selling prices of comparable homes recently sold in the area.
The process of evaluating the monetary worth of property that is part of an estate. A formal, written estimation of the current market value of a home.
A report made by a qualified person on a home's estimated value; also refers to the process by which the estimate is made.
An estimate of the fair market value of property, conducted by a certified appraiser and approved by the lender.
A professional appraiser makes an estimate of the actual value of the property.
An opinion of the value of a property at a given point in time.
A process undertaken by an independent appraiser hired by the bank to determine the value of the property and whether it meets lending criteria. This value may or may not match the purchase price of the home.
Report completed by a licensed Appraiser to determine value of a property. This is a key factor in your LTV.
A determination of the value of something by a qualified, disinterested expert.
An estimate of property value as stated by a professional valuer.
is a report made by a qualified person (the appraiser) which states his opinion of the estimated value and quality of the property.
an evaluation of the property value (taking into account condition, location, usefulness, and comparison of sales on properties with similar characteristics within the neighborhood); the purpose of this step in the loan approval procedure is to ensure that the buyer is not paying more than what the property is worth.
An estimate of market value placed on all real property and mobile homes. There are two kinds of appraisals: mass appraisal, in which a community is valued for tax purposes; and fee appraisal, in which one property is appraised, often in comparison with other properties. Each is accomplished under a different set of rules and guidelines.
The formal opinion or estimate of value of a property.
The act of estimating the monetary value of property.
The determination of property value based on recent sales information of similar properties.
A written evaluation of the market value of a property, primarily based on an analysis of comparable sales of similar homes nearby.
Professional assessment of property value based on land attributes, market conditions, and zoning by a qualified appraiser.
An estimate and opinion of value; a conclusion resulting from the analysis of facts. See Fee Appraisal.
a) A written estimate of value of property to be insured completed by an individual trained to render such estimate. (See Arbitration)
An evaluation to determine the current market price of a property.
A very-detailed valuation of your home conducted by a licensed professional.
Determines the market value of the home. If the home does not appraise for the amount you have under contract, you will be notified.
An estimate of the value of real or personal property or an interest or estate in that property as determined by a qualified appraisal. Category: Community Development
An estimate of value. In ad valorem taxation use, it usually means the area's stated market or actual cash value estimate.
An estimate of value -- in this case for real property. For residential properties the appraiser would utilize the Uniform Residential Appraisal Report or URAR.
The process of estimating a property's current value, based on comparison to similar properties and recent sales; or based on income levels for multi-unit investment properties or retail properties.
A report by a qualified person that is an estimation of the worth of a given property. see http://www.myresortnetwork.com/timeshare-appraisal
An estimate of the property's value provided by a professional appraiser.
A professional opinion of the value of a property by a licensed real estate appraiser.
An opinion of value based upon a factual analysis compiled by a person of suitable qualifications.
A formal written valuation for estate, tax or insurance purposes. For more information, see Appraisals and Valuations.
An assessment of the value of an asset or liability.
The estimated worth of a timeshare, expressed in terms of market value. Timeshare appraisals are not necessary for buying or selling a timeshare on the resale market and are often considered unreliable. Market value of a timeshare can be estimated by market value survey or the comparing of prices of similar timeshare listings on the resale market.
A determination of the market value of a piece of property done by a qualified professional trained in appraisal techniques and familiar with the local market. The ususal phrase used is.. "The value at which a given property will sell, between a willing seller and a willing purchaser, given a reasonable period of time for exposure to the market.
An evaluation of what a particular property in question is worth at a specific time or date.
A written report by a qualified appraiser estimating the value of a property. Back
a professional opinion on the market value of property.
Interim funancing to bridge between the closing date on the purchase of the new home and the closing date on the sale of the current home.
A qualified professional's estimated value of property.
The process of estimating and supporting an opinion of the value of real estate on a given date, made by a qualified professional called an "appraiser".
written explanation of the fair market value of a property. Usually based on comparable home sales in the same area.
The value of a property at a given time by an unbiased person, usually a professional.
Value placed on a stone in money terms by an appraiser.
A written estimate and opinion of value; a conclusion resulting from the analysis of facts.
An opinion or estimate of value. Also refers to the process by which a value estimate is obtained at arm's length transaction. A transaction between a willing buyer and a-willing seller with no undue influence imposed on either party and where there is no relationship between the parties except that of the specific transaction.
The written summary by a qualified individual setting forth an estimated value of a specific asset or group of assets, usually used in reference to real estate.
This is the assessment of the value of the property based on information of recent sales on similar properties.
A professional opinion about the market value of the house you want to buy (or already own if you're refinancing your loan). You must pay for the mortgage lender to hire an appraiser, because this opinion helps protect the lender from lending you money on a home that's not worth enough (in the event that you default on the loan and the lender must foreclose on the property).
The valuation of property. Nevada Revised Statutes require all real property to be reappraised at least once every five years. This is the responsibility of the County Assessor who determines the estimate of the full cash value of land by taking into account its location, zoning, actual use, income produced etc. The taxable value of buildings is the estimated replacement cost less depreciation.
An estimate of the value of the property, require the appraiser to be licensed in that state. To comply with lending requirements, lenders/loan originators must order the appraisal.
A property report by a licensed real estate professional, which renders an opinion of market value on a property as of a specific date. Required by most lenders to obtain a loan.
Professional opinion or estimate of the value of property, in most states by licensed appraisers.
An opinion rendered by a certified professional of an asset's market value as of a specific date.
An overall assessment of the relevance, feasibility and potential sustainability of a development intervention prior to a decision of funding. Note: In development agencies, banks, etc., the purpose of appraisal is to enable decision-makers to decide whether the activity represents an appropriate use of corporate resources. Related term: ex-ante evaluation. Source: OECD Glossary of Key Terms in Evaluation and Results Based Management
The act or process of estimating values of real estate or any interest therein.
An opinion of the market value of a property, made by a qualified "appraiser". Home Page Home Loan Hunters About Refinancing Home Loan Terms Mortgage Calculator Home Buyers Guides Application Resources Contact Site Map California Bad Credit Home Loan California Bad Credit Loan California Home Loan for People with Bad Credit California Home Loan Refinance Interest Rate California Home Loan Refinance Riverside Home Loan San Diego Home Equity Loan San Diego Home Loan Refinance San Diego Home Loan Temecula Home Loan
A professional analysis used to estimate the value of the property. This includes examples of sales of similar properties.
Appraisal is the assessment of a property's market value for the purpose of obtaining a mortgage loan. The market value may differ from the purchase price of the home.
A written estimate of a property's current market value completed by an impartial party with knowledge of real estate markets.
A written estimate of the current value of the home to be purchased prepared by a licensed, certified appraiser. Also refers to the process by which a value estimate is obtained.
An estimate and opinion of value; an objective conclusion resulting from an analysis of pertinent data.
Appraisal is estimating the actual value of the property to determine the available equity.
a document that gives an estimate of a pro ; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.
A formal, written estimation by a qualified appraiser of the current value of a home.
A written estimate or opinion of value of property resulting from analysis of facts about the property prepared by a qualified appraiser.
A report that gives an assessment of the market value of a property.
An analysis performed by a qualified individual to determine the estimated value of a home.
A professional and unbiased written opinion of a property's value that is based on recent, comparable sales; quality of construction and current condition; and style of architecture.
A professional assessment of the market value of a property.
An opinion or estimate of value, or the process whereby that opinion is reached.
A qualified party's opinion of the value of a property.
A valuation or an estimation of the value of property usually done by an expert in that field who has no personal interest in the property.
a survey of property made for determining its insurable value or the amount of loss sustained. Insurance policies commonly contain an Appraisal Clause to address disputes between the company and the insured over the value of damaged property. (See VALUATION)
The act of preparing a report by a qualified appraiser setting forth an opinion or estimate of the value of a piece of real state.
A professional opinion as to the value of a home and property. ARM (Adjustable Rate Mortgage): Interest rate are periodically adjusted up or down over the life of the loan based on a specified financial index. The plan may have rate or interest "caps" that limit the amount your interest rate may change. An ARM generally carries a lower initial rate than fixed-rate loans because it moves with the market.
Appraisal is a report prepared by a qualified appraiser setting forth an opinion or estimate of market value.
an estimate of your home's market value
Estimate of the value of property, made by an expert.
A professional opinion of the value of a property based on a factual analysis.
A written estimate of value of real property, usually done by a licenses appraiser.
An estimate of the monetary value of a property on the open market; an estimate of a property's type and condition, its utility for a given purpose or its highest and best use.
The fee charged by an appraiser to give an opinion of market value as of a specific date. This is a requirement of most lenders to obtain the loan.
A written analysis of the estimated worth of a property on which a mortgage is based.
The process through which appropriate property values are established. Appraisers are certified and provide to the lender, a report comparing the purchased property with comparable properties. The appraisal is not to be confused with property inspection.
An estimate of the value of your new home made by a licensed real estate appraiser.
an estimate, based on various and sufficient data, made by a qualified (and licensed) professional appraiser who determines the "fair market value" of the property; see also "Appraised Value." City and county governments use the appraised value to determine the amount of taxes owed by property owners. In Montgomery County, TN, the present county tax rate is $ 3.30 peer $100 of assessed value; if the property is locate within the city limits, there is an additional $1.81 per $100 of assessed value.
A report from an independent third party detailing the estimated value of real estate.
When a certified professional estimates the value of a property. Before your loan can be completely approved, the property that you want to buy or refinance must be appraised. To make an accurate estimate, an appraiser collects data about the property, such as the number and size of the bedrooms. Then the appraiser compares it to similar properties recently sold in the area and adjusts the price to account for any differences. An appraisal usually costs between $200 and $400.
An opinion of the market value of an asset as of a specific date.
A professional appraiser's estimate of the market value of a property. Appraisals take into account the local market conditions and the characteristics of a property. They are required by most lenders.
A determination of the value of a property by an individual with the expertise to do so. Generally speaking, most lenders require a satisfactory appraisal as a pre-requisite to granting approval on a mortgage loan.
The process of an appraiser giving a measure of market value to property such as residential real estate.
an unbiased professional estimate of a particular type of value, for example lending value or market value, for a specific property, that is based on analysis and interpretation by a professional appraiser.
A formalized evaluation, typically a face-to-face meeting, of an individual's or learner's progress and performance intending to identify strengths and weakness and improve future performance..
When an appraiser estimates the value of a home at a specific point in time.
the opinion of value reached by an appraiser based upon knowledge, experience and a study of pertinent data
An opinion of value as of a given date of a property prepared by an expert. The experts are usually licensed in the state. For residential loans, the report is invariably prepared on FNMA form. Note - Realtors frequently provide homeowners who are potential clients an Estimate of Value or Market Analysis, showing recent comparable sales and other market data. The conclusion they reach may be very accurate or not depending upon the ability of the Realtor but their report is not an appraisal and in some states they are precluded from using the word appraisal to describe it.
An opinion of value made by one who is qualified to evaluate factors of value.
The process of determining the value of an apartment usually against values of apartments in the same building or similar-type buildings in the immediate neighborhood.
A written analysis by a certified appraiser used to determine the estimated value of real estate property.
A survey by an independent claims appraiser estimating the amount of damage to property and the cost to repair or the determination of a complete loss.
A report made by a certified or licensed expert that states an opinion of the fair market value and quality of the property following a personal visit and examination of the property.
An estimate of the fair market value of a property prepared by a qualified real estate appraiser.
An evaluation as to the current market value of a particular domain name. The best way to get a fair market appraisal is by visiting a professional domain name forum where free peer to peer appraisals take place.
An opinion or estimate of the quantity, quality or value of real estate as of a given date.
An opinion of value based upon of factual analysis
A market value estimate for a parcel of real estate that is made by a competent professional who is knowledgeable about local real estate prices and market trends.
an estimate of a home's fair market value based on the land, quality of construction, neighborhood, and price of comparable homes in the area.
An appraisal is an estimate of the fair market value of a property. It evaluates the property at a given time based on facts regarding the location, improvements, neighborhood and comparable sales.
This is the process to determine the market value of a property.
An estimate of the fair market value of a property; required by lenders before approving a loan.
A valuation or an estimation of value of property by disinterested persons of suitable qualifications; the process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions.
An appraisal is the amount that a property is deemed to be worth by an authorized individual known as an appraiser.
An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
A type of analysis and evaluation, especially in an official or professional capacity. In appraising works of art, for instance, an art appraiser studies their various qualities, and ultimately estimates their monetary worth, typically for insurance or taxation reasons, or in establishing a price.
A demonstrative narrative report of a specific market's economic condition and an assessment of property value performed by a member of the American Institute of Real Estate Appraisers. The property's value is derived using three (3) separate methods of valuation including replacement cost approach, sales comparison approach and income approach. For commercial real estate transactions that require an appraisal an M.A.I. certified appraisal is required. See M.A.I.
A written estimate of the value of an asset or property prepared by a qualified, independent party, through which the asset or property value is determined
A survey, made by a professional appraiser, of a property to determine the estimated value of the property.
The value of a property determined by a qualified person or "appraiser" based on various factors (examples being location, condition/upkeep and market variables). alloon Mortgage A mortgage with set periodic payments but does not amortize over a set term (does not pay down principal). A lump sum, known as a balloon payment, is made at the maturity of the loan.
An estimate of the quality or value of property; the process by which conclusions on the value of property are obtained; also refers to the report setting forth the estimate of value together with the basis for such conclusions.
An assessment of a property’s value based on information from recent sales of similar properties.
(known in Britain as Valuation) An estimate of the market value of a piece of real estate made by a competent professional (the appraiser) who knows local property market and prices.
1) An evaluation of employee performance. 2) In TQM, the formal evaluation and audit of quality.
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An estimate of value loss or damage.
Market value of a property or home (real estate) as supplied by a third party, usually a licensed professional.
A written analysis made by a qualified person setting forth an estimation of the value of a property, usually after an inspection of the property. The appraisal usually determines the amount of money that a lender will loan on that property. back
The act of preparing a report by a qualified appraiser setting forth an opinion or estimate of value. The most common type of appraisal for residential properties is the Comparable Sales Approach. An appraisal is typically ordered by the lender or mortgage broker.