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Facts About Sacramento Real Estate Appraisal

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Just a fact for everyone who would like to seek help from local appraisal companies or the so called, land or property valuation. In a nutshell, Real estate appraisal, property valuation or land …

Just a fact for everyone who would like to seek help from local appraisal companies or the so called, land or property valuation. In a nutshell, Real estate appraisal, property valuation or land valuation is the process of valuing real property, it may be an arable land, commercial or even residential homes.

For more information please visit us at http://www.DavidYaffeeTV.com


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  • 1. Facts About Sacramento Real Estate Appraisal ©www.DavidYaffeeTV.com
  • 2. Facts About Sacramento Real Estate AppraisalJust a fact for everyone who would like to seek help fromlocal appraisal companies or the so called, land orproperty valuation.In a nutshell, Real estate appraisal, property valuation orland valuation is the process of valuing real property, itmay be an arable land, commercial or even residentialhomes. ©www.DavidYaffeeTV.com
  • 3. Facts About Sacramento Real Estate AppraisalAccording to some real estate experts, the value usuallysought is the propertys Market Value. Appraisals areneeded because compared to, say, corporate stock, realestate transactions occur from time to time.Not only that, but every property is different from thenext, a factor that doesnt affect assets like corporatestock. ©www.DavidYaffeeTV.com
  • 4. Facts About Sacramento Real Estate AppraisalIn addition to the aforementioned statement, location of aproperty has a very important role in determining thevalue of a particular property.So a centralized Walrasian auction setting cant exist forthe trading of property assets, such as exists to tradecorporate stock (i.e. a stock market/exchange). ©www.DavidYaffeeTV.com
  • 5. Facts About Sacramento Real Estate AppraisalThis product differentiation and lack of frequenttrading, unlike stocks, means that specialist qualifiedappraisers are needed to advise on the value of a property.According to realtors, the appraiser usually provides awritten report on this value to his or her client. ©www.DavidYaffeeTV.com
  • 6. Facts About Sacramento Real Estate AppraisalThese reports are used as the basis for mortgage loans, forsettling estates and divorces, for tax matters, and so on.Sometimes the appraisal report is used by both parties toset the sale price of the property appraised.You may wanted to ask if you need to have a license tobecome an appraiser? ©www.DavidYaffeeTV.com
  • 7. Facts About Sacramento Real Estate AppraisalWell, in some areas, an appraiser doesnt need a license orany certification to appraise property.But most counties or regions in California requirepracticing appraisers to have licensed or certification thatcomes from the Department of Real Estate (DRE). ©www.DavidYaffeeTV.com
  • 8. Facts About Sacramento Real Estate AppraisalYou need to have that surveyor certification to be able tostart appraising properties. If the appraisers opinion isbased on Market Value, then it must also be based on theHighest and Best Use of the real property.It is an open book to everyone that the task of anappraiser is to help establish a propertys market value. ©www.DavidYaffeeTV.com
  • 9. Facts About Sacramento Real Estate AppraisalThey make the right decision that will be beneficial toproperty owner and even to the buyer as well.On the lender’s part, they will require an appraisal whenthe homeowner would ask to use a home or other realestate as security for a loan, the homeowner could do thisthrough asking help from any lending entity like banks orother financial firm found in any part of the region. ©www.DavidYaffeeTV.com
  • 10. Facts About Sacramento Real Estate AppraisalBut piece of advice from most lenders, they said that dontconfuse a comparative market analysis, or CMA, with anappraisal.Real estate agents use CMAs to help home sellersdetermine a realistic asking price. ©www.DavidYaffeeTV.com
  • 11. Facts About Sacramento Real Estate AppraisalExperienced agents often come very close to an appraisalprice with their CMAS, but an appraisers report is muchmore detailed--and is the only valuation report a bank willconsider when deciding whether or not to lend themoney. ©www.DavidYaffeeTV.com
  • 12. Facts About Sacramento Real Estate AppraisalMore on Appraisers and AppraisalsAppraisers are licensed practitioners tasked to appraiseproperties for loan purposes.You can be an appraiser after completing coursework andinternship hours that familiarize them with their realestate markets. ©www.DavidYaffeeTV.com
  • 13. Facts About Sacramento Real Estate AppraisalLenders such as banks or other financial firms could hirean appraiser and be part of their manpower to appraiseproperties. Homeowner has the right to choose anappraiser and If you have done choosing theappraiser, you may start doing the transaction for yourconvenient.The appraiser should be an objective third party, someonewho has no financial or other connection to any personinvolved in the transaction. ©www.DavidYaffeeTV.com
  • 14. Facts About Sacramento Real Estate AppraisalLooking for Sacramento Real Estate Appraiser?Then visit us at www.DavidYaffeeTv.com !We can refer you a Sacramento Real Estate Appraiserfor a very affordable amount! Visit us now! ©www.DavidYaffeeTV.com
  • 15. Facts About Sacramento Real Estate Appraisal Brought To You By ©www.DavidYaffeeTV.com