The Appraisal Process

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
• Feasibility studies
• 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. 

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<p><strong>Please include attribution to DwellingWell.com with this graphic.</strong><br /><br /><a href='https://www.dwellingwell.com/blog/the-appraisal-process.html'><img src='https://assets.site-static.com/userFiles/3190/image/markrasmussendwell-artofappraisal_3749.jpg' alt='Art of the Appraisal' width='540px' border='0' /></a></p>