What does appraisal value mean?

appraisal value meaning in Law Dictionary

n opinion that an appraiser provides the well worth of property. The elements that go into this are place, area, improvements, and amenities. The 3 techniques to repeat this are expense method, earnings approach, adn marketplace comparison strategy. AKA appraised va

appraisal value meaning in Business Dictionary

Appraiser's opinion (maybe not dedication) for the present worth of home considering facets such as for example location, place, improvements, and amenities. Usually, this value is attained through among three techniques: (1) expense method, (2) Income strategy, or (3) marketplace contrast strategy. Not to be confused with assessed worth. Also known as appraised value.