If you are thinking of buying or selling a home or condo in Sarasota you will need to concern yourself with the appraisal. Even cash buyers will occasionally get an appraisal to reinforce their decision. An appraisal can also keep over ambitious sellers honest when it comes time to establish their asking price. So, what goes into an appraisal? Below is a quick infograph to explain what goes into the appraisal process.
Where an appraisal may be used:
Residential and commercial valuation estimates
Estate planning and estate estimates
Tax assessment review and advice
Advice in eminent domain and condemnation property transactions
Dispute resolution - including divorce, estate settlements, property partition suits, foreclosures, and zoning issues
Expert witness testimony
Market rent and trend studies
Cost/benefit or investment analysis, for example, what will be the financial return of remodeling a house, condo, or commercial property
Land utilization studies
Supply and demand studies
Realtors: Feel free to use the above infographic on your site. Just copy the code below and paste it on your site.