Real Estate Appraisals

Performing a real estate appraisal is the act or process of developing an opinion of value. A real estate appraisal provides an answer to a client's specific question about the value of a real property interest. A significant point to keep in mind is that appraisers do not create or establish value because only market participants, through their interaction, establish value. Value is never a fact; it is always an opinion. An appraiser's opinion of value reflects what market participants believe to be the value of a property. Continue reading “Real Estate Appraisals”