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Most people consider themselves knowledgeable with regards to property values. By either selling or purchasing a house, or simply by owning real estate, they have formed an opinion of value. Usually, however, this opinion is subjective. An independent real estate appraiser is a specialist who writes objective reports dealing with estimates of market value. The appraiser does not set, determine, or establish value. A careful inspection of the property is made. The present sales market is utilized along with historical sales evidences, market trends are analyzed and interpreted, all concluding with an estimate of the most probable selling price of the property. A real estate appraiser deals with facts and applies these facts to a uniform methodology which will, through the application of one or more approaches to value, result in an appraiser's objective opinion of market value.
Murray Tofsrud, Reliance Appraisal Consultants Ltd. |
