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Real estate appraisal is that the real one? Real estate assessment or property value is the method of determining the value of the property on the basis of the highest and the best use of real property (which generally means determining the fair market value of the property). The person who performs this real estate assessment exercise is called the real estate appraiser or property worth surveyor. The value as determined by real estate assessment is the fair market value. The real estate appraisal is done using various practices and the real estate appraisal values the property as different for difference reasons e.g. If you know any thing, you will certainly want to study about  [https://www.udemy.com/u/dallcates/ click here for] . the real estate appraisal might assign 2 different values for the same property empty value) and (Improved value and again the same/similar property might be given different values in a residential zone and an industrial zone. Nevertheless, the value assigned as due to real estate assessment mightn't be the value that a real estate investor would consider when evaluating the house for investment. In reality, a real estate investor may completely disregard the value that comes out of real estate assessment process. The property would be evaluated by a good real estate investor on the basis of the improvements going on in the region. Therefore real estate appraisal as done by a real estate investor could think of the importance that the real estate investor will get out-of the property by buying it at a low price and attempting to sell it at a greater price (as-in the current). Equally, real estate investor can do his own real estate assessment for the expected value of the property in, say 2 years time or in 5 years time. Again, a estate investor might conduct his real estate assessment based on what value he/she can cause by committing some amount of money in the property i.e. a estate investor might decide on buying a dirty/scary sort of property (which no one likes) and get some small repairs, painting etc done in order to increase the value of the property (the value that the real estate investor could get by selling it-in the industry). So, here the meaning of real estate appraisal improvements completely (and can be very different from the value that real estate appraiser would come-out with home) on if a real estate appraisal exercise was conducted by the real estate appraiser. A real estate investor will generally base his financial commitment with this real estate assessment that he does by himself (or gets performed through someone). So, could we then term real estate appraisal as a very real real estate appraisal?.