Appraisal

Definition of "Appraisal"

Valuation assessment of real property by an expert third party for the following purposes. (a) developing a realistic marketing price. (b) setting a market value at a time of death when probating an estate. (c) dividing the value of real estate between the property and structural improvements. (d) establishing insurable value.

Search Real Estate Glossary

Related Real Estate Glossary terms

Pricing Inadequacy Risk

One of four types of risks affecting the life insurance company as identified by the society of actu ...

Property Insurance

Insurance affording protection against losses due to damage to or destruction of property or content ...

Rent Roll

Listing of the names of tenants, apartments, or office numbers, and monthly rentals. ...

Zoning Laws

Local government ordinances governing real estate development including structural and design aspect ...

License Laws

Laws enacted by every state governing the activities and requirements of real estate salespeople and ...

Fair Access To Insurance Requirements (fair) Plan

Insurance that grew out of the urban demonstrations and riots of the 1960s. Because of the deteriora ...

Related Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? Why Use a Real Estate Agent? What is Hazard Insurance? How Does The Home Loan Underwriting Process Work? What is the Best Time of Year to Buy a Home?

FAQ

What does computer insurance cover that my warranty doesn't? What is homeowners insurance? What is an interest rate? What is the difference between a real estate broker and a real estate agent? What are the benefits of Business Owners Insurance?