How much does an apprasier earn?
If you're having a property appraisal done, there are some important questions you should ask your appraiser. Make sure the appraiser is certified by asking for their certification number. Ask the appraiser where his or her office is located to get an idea of their experience with properties in the area. Finally, you should ask the appraiser how many years of experience they have to get a feel for their learned knowledge.
Real estate appraisal is the process of establishing a fair market value for real property. A real estate appraiser is a professional whose job it is to give an Opinion of Value of real property. An appraiser can appraise property for mortgage purposes, insurance purposes, tax purposes, for setting a price for a seller or for determining the value of an estate. An appraiser examines the property, takes pictures, notes any improvements or upgrades, damages or problems, studies the area, determines a rating for the general condition, uses the MLS and other databases to see what other similar homes have sold for recently, and then gives his opinion of the market value of the property.
An estate appraiser is in charge of assessing the true value of a house and the property that the house is located on. The appraiser is an expert in property values. He or she generally works for a real estate agency, insurance company, or bank that offers mortgages.Establish the Value of the EstateThe main goal of an estate appraiser is to determine the actual market value of a house, including all of the land and assets that are included with the house. The appraiser will take into consideration the condition of the house and property as well as the current value of other houses in the same area. Sometimes the value of a house will be much higher simply because it is located in an expensive area. The appraiser looks at every detail of the property, from the plumbing to the shingles on the roof, before making an official statement of the value of the estate. If the homeowner intends to rent the property out, the appraiser provides an estimate of what the propertyâ€™s rental value is so that the owner can establish a fair price. Most owners set a rental price that covers all of their costs for a property.Provide Accurate Quotes for Insurance PurposesWhen the value is determined by an estate appraiser, it impacts several different expenses related to the property. The most important aspect of an estate appraisal for the property owner is that it gives the home insurance company a concrete value to work from if the property were ever damaged. The homeowner can decide what type of insurance to carry on the home aside from the typical homeownerâ€™s insurance depending on the value that the appraiser assigns to different parts of the property.Determine Tax LiabilityAn appraiserâ€™s value for the property is also recognized by the government as the taxable value of the house. This is the amount that the federal and state government will use to compute the homeownerâ€™s tax obligation each year. If the estateâ€™s value goes up dramatically, the taxes on the estate will also go up dramatically. Many homeownerâ€™s prefer that their property value increases in a gradual manner instead of quickly.
A real estate agent acts as the seller's agent in pricing the property, advertising, showing the house, negotiating with the buyer and collecting their commission at the time of sale. A real estate appraiser is a person who has the professional know-how to determine the fair market value of a property. In addition the appraiser estimates the square meter (GLA - gross living area), by measuring the exterior of the home.
Cpntact one of the several appraisal associations, such as The Appraisers Association of America, Inc, which maintains a "Find and Appraiser" link which lists appraisers, and lets know you know which types of things each person appraises. The link is http://www.appraisersassoc.org/personal-property-appraiser/fine-art-appraisals/find-an-appraiser/PageId/1/LId/0,7/Id/7/Find-an-Appraiser.html
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