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The Real Estate Appraisal

6/7/2010

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Real estate appraisal or property valuation is the process of determining the value of real property on the basis of the highest and the best use of the property, meaning that it is the process of determining the fair market value of a given property. The person who performs a real estate appraisal is called the real estate appraiser or property valuation specialist. The value, as determined by a real estate appraisal is the fair market value, and could be done using various methods.
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Real estate appraisals value are completed pursuant to specific requests by the people or entities that order them. For example, a real estate appraisal order may be placed by a lender (most popular) for mortgage financing purposes; by an attorney for estate settlement or divorce case; by a municipality for determining tax rates or for a number of different reasons; but the underlying reason for requesting a real estate appraisal is to determine the property value.
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A real estate appraisal may at times assign 2 different values to the same property, an improved ( also referred to as after repaired value) and an "as is" value; or the same property or one similar might be assigned one value in a residential zone and a different value in a commercial zone. However, the value assigned as a result of real estate appraisal might not be the value that a real estate investor would consider when evaluating the property for investment.
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In fact, a real estate investor might completely ignore the value that comes out of real estate appraisal process and do an independent evaluation which satisfies a different purpose, although this type of evaluation would not be deemed certified or official by anyone except the investor and possibly those employed by that investor.
The investor's objective is obviously to buy low and sell high so ultimately the interests being protected is his/her own and any appraisal accepted by that investor would have to meet those objectives.
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A good real estate appraiser would evaluate the property on the basis of property construction, property size (square footage) and comparable values (what other properties in the immediate area have sold for within the last three to six months). Additional data taken into consideration by a good real estate appraiser might be, developments going on in the community, property easements, recent improvements, and reasonable access (example, paved roads, highways) and DOM (days on market), plus a number of other considerations. The business of real estate appraising is very much an integral part of the real estate business and as such requires licensing and certification of active real estate appraisal professionals.

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Hello I'm Tony, known also as Javeton among family, friends and a number of Web networks that I have a membership in.

My residence is in the central New Jersey city of Woodbridge and my professional background is in real estate and mortgage broker/banker services, the last nineteen years having been spent in mortgage lending with three New York-based mortgage bankers.

Over the past thirty months I have managed to combine my offline and online experiences and efforts in order to create TPJaveton & Associates, a Web-based entity specializing in "Affiliate Marketing". TPJaveton, in carrying out its affiliate marketing duties, is actively engaged in the promotion of products and services offered for sale by certain recognized and highly respected Web merchants and affiliate networks.


As founder of TPJaveton & Associates and TPJaveton Enterprises ("TPJaveton"), my objectives are to manage the affairs of these Web entities by ensuring that the content provided on our thirteen websites is relevant, useful, qualitative and socially acceptable to readers and supporters; whether the topic(s) be related to real estate and/or mortgages, affiliate marketing or any of the other topics covered on our blogs and websites.

Information is provided freely and in an effort to reach those who may benefit most by utilizing it. In addition, TPJavetonSelect newsletter which was published on June 11, 2010 is available free of charge to present and future visitors to our websites. I've made these sites available in one convenient location, reachable by simply clicking the the highlighted "author's profile" towards the end of this paragraph. Your comments and suggestions will be appreciated. Please see
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