what is the difference between real estate appraisal vs valuation?
what is the difference between real estate appraisal vs valuation? is appraisal a combination of cost method, income approach and sale by comparison?
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Someone can correct me if I am wrong, but my first job was in appraisal and my title was "RE Valuation Analyst"
In CRE context, I don't think there is a difference.
For the appraisal specifically, you'll also need to know whether it's "fee simple" or "leased fee" for the specific situation you're looking at.
The terms overlap - by definition, an appraiser is defined in USPAP as one who is expected to perform valuation services competently and in a manner that is independent, impartial and objective.
There is, however, a difference between an appraisal and an evaluation. People at my bank constantly refer to evaluations as valuations. A valuation could be either an appraisal or an evaluation depending on the scope of work of the assignment. I don't know if that is what is happening on your end, but that could explain some of the confusion.
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