Investor Glossary-appraisalInvestor Glossary-appraisalInvestor Glossary-appraisalInvestor Glossary-appraisalInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Appraisal

The HTML to link to this page
 

An appraisal is a professional evaluation of the current market value of real, personal or intangible property. A qualified appraiser typically performs an appraisal. An appraisal is usually required when property is sold, insured or financed. The most common usage of the term appraisal is that associated with a real estate appraisal. A real estate appraisal provides written justification for the price of a piece of land, a house or a commercial building. The real estate appraisal is primarily based on an analysis of comparable sales of nearby properties. An appraisal can help a potential buyer determine what price to offer, while assisting the lender with mortgage requirements. Other items that frequently go through the appraisal process include jewelry, fine art, antiques, aircraft, businesses and certain equipment. An appraisal is also used for tax purposes. There are two primary types of appraisal: fee appraisal (appraisal by a contracted appraiser who is paid a fee) and a mass appraisal (appraisal of many properties using a statistical approach conducted by a government agency).



Rate this appraisal definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: quality assurance, minority interest, command economy, Zero Cost Collar, APR, annual return, Key Rate Duration, average price per share, ex-dividend date, phantom income, risk management, in escrow, EBITDA, diluted share, option premium, cancelled check, covered put, required rate of return, labor relations, VIX, balance sheet, current ratio, LIBOR, real GDP, 401a, debt service coverage, 1031 exchange, margin rate, 144a, liquidity ratio, class C shares, wholly-owned subsidiary, deferred tax, irrevocable trust, 1035 exchange, stock market close, deferred revenue, implied volatility, reverse mortgage, retained earnings, dividends payable, inflation, stock split, open position, limit order, ex-dividend, FICO score, FTSE, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use