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Newport Beach CA Real Estate - Assessment vs Appraisal

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There are several things that you need to know about the real estate market, but you need to be sure that you really understand the basics of real estate to get the most out of it. Assessment and …

There are several things that you need to know about the real estate market, but you need to be sure that you really understand the basics of real estate to get the most out of it. Assessment and appraisal are two different terms that are commonly used in the real estate industry.

For more information on Newport Beach real estate please visit my site at http://www.GabeColeRealEstate.com/

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  • 1. Brought to you by :www.GabeColeRealEstate.com
  • 2. Newport Beach CA Real Estate - Assessment Vs Appraisal There are several things that you need to knowabout the real estate market, but you need to besure that you really understand the basics of realestate to get the most out of it.Assessment and appraisal are two different termsthat are commonly used in the real estate industry. www.GabeColeRealEstate.com
  • 3. Newport Beach CA Real Estate - Assessment Vs Appraisal If you really want to be successful with it, you needto be sure that you are aware of these terms.In this article, we will be talking about assessmentsand appraisals. www.GabeColeRealEstate.com
  • 4. Newport Beach CA Real Estate - Assessment Vs Appraisal This will help you find all the information that youneed, and you can be assured that you will alwaysget the best investments possible.What is an Assessment? www.GabeColeRealEstate.com
  • 5. Newport Beach CA Real Estate - Assessment Vs Appraisal When we say assessment, it refers to the processwherein the property will be assessed in order todetermine the estimated value of the property. This will be used when placing the property listedfor sale. www.GabeColeRealEstate.com
  • 6. Newport Beach CA Real Estate - Assessment Vs Appraisal If you are planning to sell a property, you need tomake sure that you are going to assess the propertyto be sure that you will get the best price for it.This will also be used when making offers for theproperty; because this will help you create anoutline of the offer that you are going to make. www.GabeColeRealEstate.com
  • 7. Newport Beach CA Real Estate - Assessment Vs Appraisal What is an Appraisal?Appraisal on the other hand is a method for alender to confirm the real value of the property.This is normally done when a person seeks for aloan from a lender.The lender will then send a person who will try toestimate the overall value of the house. www.GabeColeRealEstate.com
  • 8. Newport Beach CA Real Estate - Assessment Vs Appraisal This is a form of a security measure that is beingconducted to determine whether the propertywould be enough to cover the loan that a personwill be taking.This is very important for the lender, because thiswill protect him from fraud transactions. www.GabeColeRealEstate.com
  • 9. Newport Beach CA Real Estate - Assessment Vs Appraisal  between assessmentsThere is not much differenceand appraisals. The only difference is the personwho will be doing it and the purpose of conductingit.It is very important for you to know these things,because this will ensure that you are going to dothe right thing when getting into real estatetransactions and that you will be able to avoid theproblems associated with these transactions. www.GabeColeRealEstate.com
  • 10. Newport Beach CA Real Estate - Assessment Vs Appraisal  that you need toThere are a lot of other thingsknow about the real estate market, but with thehelp of a realty agent, you will be able to get overall the troubles that you will experience withouthaving problems.This is the reason why it is very advisable for youto get a real estate agent, but it doesnt mean thatyou are required to have when whenever you wantto invest in the real estate market. www.GabeColeRealEstate.com
  • 11. Newport Beach CA Real Estate - Assessment Vs Appraisal Trying to get into real estate withoutunderstanding anything in Newport BeachCalifornia real estate is like trying to explore anunknown land.There are a lot of things that you need to knowabout it, and getting into transactions withoutenough knowledge in Newport Beach CA realestate will only result to problems in the future. www.GabeColeRealEstate.com
  • 12. Brought to you by :www.GabeColeRealEstate.com