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Real Estate Appraisal Process Explained

A real estate appraiser estimates the value of properties, specializing in either commercial or residential sectors. Their responsibilities include conducting property inspections, analyzing market data, and keeping up with real estate trends. They also assist in financial modeling and manage data related to property valuations.

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Josue Sandigan Biolon Secorin
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65 views1 page

Real Estate Appraisal Process Explained

A real estate appraiser estimates the value of properties, specializing in either commercial or residential sectors. Their responsibilities include conducting property inspections, analyzing market data, and keeping up with real estate trends. They also assist in financial modeling and manage data related to property valuations.

Uploaded by

Josue Sandigan Biolon Secorin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SECORIN,JOSUE B.

BSREM SC-2

A real estate appraiser estimates the value of a single building or piece of land. His or her job is
similar to that of an assessor, who instead considers the values of several properties at once. An
appraiser may specialize in either commercial or residential property.
He or she will be called upon to appraise a property before it is sold, mortgaged, taxed, insured,
or developed. After visiting a site and observing its characteristics and the characteristics of the
location, the appraiser analyzes the property compared to comparable homes.
Gather, verify, and analyze data on residential properties including, but not limited to,
measuring structures, physically inspecting the exterior and interior of buildings, photographing
property, analysis of market sales, and noting architectural quality and intended use of the
property.
Assist or conduct internal or in-house appraisals and valuations.
Keep abreast of current real estate market conditions and their effect on the apartment and
commercial real estate markets in assigned geographic area.
Assist in the construction of financial models including discounted cash flow.
Responsible for data management including collection, verification, and analysis of sales,
pending sales and listings, as well as maintaining other information required for the valuation
process.

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