Real Estate Appraisal

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High Quality Content by WIKIPEDIA articles! Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is one of the most important determinants of their value. So there cannot exist a centralised Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property. Although some areas require no license or certification at all, a real estate appraisal is generally performed by a licensed or certified appraiser (in many countries known as a Property Valuer or Land Valuer and in British English as a "valuation surveyor").

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130492366
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786130492366
    • Format Fachbuch
    • Titel Real Estate Appraisal
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 120
    • Genre Wirtschaft

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