Real estate appraisal

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Real estate appraisal or property value is the method of determining the value of the property on the basis of the highest and the greatest use of real property (which fundamentally translates into determining the fair market value of the property). This dynamite Real Estate Investor Looking to Buy Homes in Louisville essay has uncountable dynamite warnings for the meaning behind this hypothesis. The person who performs this real estate assessment exercise is known as the real estate appraiser or property valuation surveyor. The value as determined by real-estate appraisal is the fair market value. The real estate appraisal is completed using different methods and the real estate appraisal values as different for difference reasons e.g the property. the real estate assessment might assign 2 different values for the same property (Improved value and empty value) and again the same/similar property might be given different values in a residential zone and an industrial zone. However, the value assigned as due to real estate appraisal mightn't be the value a real estate investor would consider when assessing the home for investment.