The collapse of the economy started with the reality wind blowing against the sub-prime mortgage house of cards. We all live with the results of more aggressive lending practices and more active government intervention. With all these friends who needs enemies? As the market realigns, property valuation has dropped dramatically. Some of you may even be "upside-down" on your mortgage. Are you buying?
What are you selling? Do you ride out a tsunami? This series will go through all the major questions that are usually encountered in determining the value of the property. What are the drivers? What are the inhibitors? What you need to know to get the best value. All this information concerning a qualified property assessment can be found through your local property assessor. As you can also get help from www.walshstreet.net/EstateAppraisals to get a quality home appraisal in Los Angeles
Any valuation of property / real estate appraisal?
The purpose of the assessment is to provide the value of the property based on the current market for property compared to others in its immediate vicinity. So the judgment is the time, location and geography-specific. It is the comparative value – not absolute. Second, the real estate appraisal is divided into two major categories – residential and commercial.
For the purposes of this paper, we will discuss a rigorous assessment of housing. Residential real estate appraiser who is licensed by the respective countries and have different levels of license levels based on the value of loans to the property. They must take classes and pass certification tests to obtain and retain their license status.