Real Estate Evaluation Form

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Real Estate Evaluation Form

Also known as: Property Valuation, Land Valuation, Appraiser Evaluation Form, Property Market Value, Appraisal Form

Real Estate Evaluation Form

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.

Real Estate Evaluation Form/partial sample

Borrower(s): _____________________

Property Owner(s): _________________

Property Address: __________________

Legal Description: __________________

Present Use: ______________________

Property type and general condition of improvements including their approximate age, size and construction: _______________

Estimated value of the subject property: Land ______ Improvements _______ Basis used for determining value: Market ___________ Cost ___________ Income ___________

Appraisers have viewed the property: Yes _____No_____

County tax assessment information was used: Yes _____ No _____

Appraisers concur with the results of the county tax assessment information: Yes_____No_____

Real Estate Evaluation

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 is because no two properties are identical, and all properties differ from each other in their location - which is the most important determinant of their value. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property.

Property Appraisals

A real estate appraisal is performed by a licensed or certified appraiser. If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property

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