About Appraisals
Professional real estate appraisers consult and participate in various decisions about real estate.
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Market value estimates are the most frequent type of appraisal assignment. However, appraisers are called upon to provide a wide range of additional appraisal services--from consultation to various forms of decision making because of their specialized training and experience.
An appraisal is based on selective research into appropriate market areas:
- the assemblage of pertinent data,
- the application of appropriate analytical techniques, and
- the knowledge, experience, and professional judgment necessary to develop an appropriate solution to a problem.
More information about appraisals:
- What is an Appraisal?
- The Purpose of an Appraisal
- Types of Appraisals
- The Valuation Process