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Known as a "retrospective value opinion," an aprpaiser uses comparable sales or other market indications within a reasonable time period near the effective date of valuation (in your example, 20 years ago) or establishes a creditble time adjustment for more recent comparable sales. A competent real estate appraiser should be contacted for this type of valuation assignment.
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What means is 'mortgage value' as related real estate?
what means 'mortgage value' as the real estate property
What does comparables mean when referred to as a real estate term?
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal.
What is toxic real estate?
Toxic real estate is that in which the value has fallen significantly and for which there is no longer a market for.
How would one learn the value of their estate?
An individual can learn of the value of his or her estate. In order to learn the value of the estate, a real estate assessment would have to be made by a professional.
What does it take to establish dower rights in Ohio?
Being married to an owner of real estate.
Does estate value include real estate?
Yes. Estate values are being determine by license appraisers and they conduct the necessary evaluation and assessment of a certain estate property about it's value. Any estate property is included in real estate. Any land resource that is directed for valuable use is included in real estate, for sale or not.
How is the market for Louisville real estate?
"The real estate market in all cities is dropping because of the economy. Louisville is included in these real estate statistics, value is dropping too."
Why is it difficult to get cash quickly from real estate investments?
In the United States there are several factors at work. Under normal circumstances it takes time for real estate to appreciate in value. In addition, the real estate market is still slow in many areas of the country that have not recovered from the bust of the real estate boom. Another result of that bust is that the value of real estate has depreciated in most places. Real estate is a good investment only if you can improve it and sell it at a profit.
How long is a real estate appraisal good for?
A real estate appraisal is good for the effective date of value stated in the report. Appraisals do not forecast real estate values and are not intended to predict unanticipated changes that may influence the reported market value conclusion.
Real estate appraisers sre experts at?
Real Estate Appraisers provide real estate appraisals, property valuations or land valuations. This is the practice of developing an opinion of the value of real property, usually its market value.
What is real state agent?
real estate agent - A person who is authorized and experienced in the buying and selling of real estate property. Real estate agent is provide all details about real estate property value, demands, all guidline and rules of all type of proeprty.
What is the value of real estate?
Whatever someone is willing to pay for it.
