What is an Appraisal?

An attempt to predict indicate the market value by a trained professional based mostly on historic market value, but not may take in other factors both positive and negative in the neighborhood or community. They will often look at the most recent sale of the subject property (property they are predicting value of), and if it is within 3 years, will heavily rely on this.

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Tagged: Assessment, Definition, Finance, Mortgage

About the Author: Craig MacDonald, CEO - RealAgents.com

Craig prides himself in living a life of integrity and connecting buyers and sellers to other like minded REALTORS®. He has over 15 years of experience in property assessment, sales (actively works as a REALTOR® with Mac Homes Inc.), business development, process improvement, marketing and home flipping. He holds a Bachelor’s Degree in Biblical Studies & Psychology, and has certificates in Leadership, Residential Valuation and Lean Six Sigma. Craig is a real estate salesperson with Mac Homes Inc. and is actively trading in real estate. More posts by Craig MacDonald, CEO - RealAgents.com

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