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Real Estate Appraisers

When buying or selling a residential or commercial property, it is important to know how much it is worth. That is where a real estate appraiser comes in. An appraiser is a person qualified through education and training to estimate the value of real and personal property. Based on the appraised value an agent can determine the list price for the house. When dealing with real estate appraisal there are several terms to keep in mind.

  • Appraised value – An opinion of a property's fair market value. Most appraisals are based on comparable sales of houses nearby but can also take into account situations unique to the property.
  • Fair market value – The highest price a buyer would pay, and the lowest price a seller would accept.
  • Comparable sales – Recent sales of similar properties in nearby areas that is used to help determine market value.
  • Assessed value – A value placed on a property by a tax assessor for taxing purposes. Depending on the market, this may differ from the appraised value.
  • Appreciation – An increase in a property's value due to changes in the market, inflation or other causes. One should seek to buy in an area that is expected to appreciate in value.
  • Depreciation – The opposite of appreciation, this occurs when a property depreciates in value for the same reasons it would increase.
  • Mortgage – A legal document that pledges a property to a lender as security for payment of a debt. Many mortgages are based on the appraised value of the house. There are many different kinds of mortgages, from conventional to fixed-rate to balloon mortgages.
  • Loan – A sum of borrowed money that is repaid with interest. Most homes in the United States are bought using loans through mortgages.
    Temecula, CA 92591
    Get the quickest turnaround on appraisals by our real estate appraisers in Rugby. Find property appraisals available through expert real estate appraisers in the Rugby area.
    Appraisal Institute
    Chicago, IL 60606
    Our association provides the widest network of real estate appraisers in the country. Whether you're looking for resources, or the best provider of real estate services, find them through our association.
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    Haaland Appraisal Services
    1008 29th Ave Se, Minot, ND 58701
    (1) Review Write a review
    (701) 852-8278
    User Review: "Stated appraisal to be completed in 5 weeks. Took over 3 months"
    Integrity Appraisals
    414 Po Box, Rugby, ND 58368
    (701) 776-5230
    Northern Appraisal & Realty
    917 Alder Ave, Harvey, ND 58341
    (701) 324-4799
    Cando Auction & Real Estate
    Cando, ND 58324
    (701) 968-4305
    Minn-Dak Appraisal & Consulting
    104 Armour St Se, Devils Lake, ND 58301
    (701) 662-8329
    Andrews Appraisals & Management
    1222 Highway 2 E, Devils Lake, ND 58301
    (701) 662-6788
    Bosley Appraisal Service
    1222 Highway 2 E, Devils Lake, ND 58301
    (701) 662-6961
    Great Plains Appraisal Service
    863 Po Box, Minot, ND 58702
    (701) 852-0402
    Northland Appraisal Service
    444 Po Box, Minot, ND 58702
    (701) 852-4609
    Rasmuson Appraisal Consultants
    1801 4th Ave Nw, Minot, ND 58703
    (701) 852-4861
    National Faith Appraisal & Realty
    1919 N Broadway, Minot, ND 58703
    (701) 852-1197
    North Country Appraisal
    24 Main St N, Minot, ND 58703
    (701) 626-2123
    Krill Appraisal Services
    617 23rd St Nw, Minot, ND 58703
    (701) 833-2742
    Schoenborn Appraisal Service
    816 20th Ave Sw Ste 102, Minot, ND 58701
    (701) 839-6837
    Farm Credit Services of North Dakota
    3100 10th St Sw, Minot, ND 58701
    (701) 852-1265

    Real estate appraisers have often been trained to assess the value of various properties, including land zoned for commercial use and houses. By getting an accurate appraisal, property owners can determine how much their land and buildings are worth. This can have numerous financial impacts. When someone wants to sell property, they often call a real estate appraiser who can determine a fair value for the land and buildings. This allows the property owner to sell homes and land without losing money on the deal. On the opposite side, parties interested in purchasing property will often hire a real estate appraiser to help them buy the land and buildings at a fair price. This often provides a balance that allows both parties to benefit from real estate sales and auctions. Even property owners who do not want to sell their assets might want to hire real estate appraisal experts to determine the true value of their land. In many cases, mortgage insurance agents require an appraisal to determine how much the insurance company will have to cover. Homeowners might also need an appraisal before a bank approves them for a loan. Whether you manage commercial real estate or simply need to know a fair listing price for your residential property, you want to make sure that you hire a professional who can assess the value properly. You should, therefore, ask agents if they are certified to work in your state. You can also search online for forums where other property owners provide their own evaluations of the appraiser’s services.
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