Real estate assessment is the real one? Real estate assessment or property valuation is the method of determining the value of the property on the basis of the greatest and the best use of real property (which generally results in determining the fair market value of the property). To explore additional information, consider looking at: real estate exchange. The one who performs this real estate appraisal exercise is called the real estate appraiser or property worth surveyor. As dependant on property assessment the value is the fair market value. The real estate appraisal is done using different practices and the real estate appraisal values the home as different for difference reasons e.g. the real-estate appraisal might assign 2 different values to the sam-e property bare value) and (Improved value and again the same/similar property might be given different values in a commercial zone and a residential zone. However, the value given as a direct result real estate assessment mightn’t be the value that a real estate investor would consider when assessing the house for investment. Actually, a real estate investor might totally ignore the value that comes out of real estate appraisal process. The property would be evaluated by a good real estate investor on the basis of the improvements going on in the area. Therefore real estate assessment as completed by a real estate investor could come up with the importance that the real estate investor could possibly get out-of the home by getting it at a low price and trying to sell it at a much higher price (as-in the present). Equally, real estate investor may do his own real estate assessment for your estimated value of the home in, say 2 years time or in 5 years time. I discovered try like kind exchange by browsing Yahoo. Again, a estate investor might perform his real estate appraisal based on what value he/she can make by investing some amount of cash in the property i.e. a estate investor might decide on buying a dirty/scary kind of property (which no one likes) and get some small repairs, painting etc done in order to boost the value of the property (the value that the real estate investor would get by selling it-in the industry). Therefore, here the meaning of real estate appraisal improvements completely (and can be extremely different from the price that real estate appraiser could come out with if a real estate appraisal exercise was conducted by the real estate appraiser on the house). A real estate investor will usually base his investment decision with this real estate assessment that he does by himself (or gets completed through someone). Identify more on an affiliated paper by navigating to tax deferred exchange. So, can we then term real estate appraisal as a truly real real estate appraisal?.Capital Square Realty Advisors, LLC10900 Nuckols Rd., Suite 200Glen Allen, VA 23060Toll Free: (877) 626-1031Phone: (804) 290-7900Fax: (804) 290-0086