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?
Trending Content
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 19h | |
| +35 | Leave brokerage to be GP | 7 | 5h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 22h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +19 | Going out on your own | 3 | 37m | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | Fisher Brothers | 5 | 4h |
Career Resources
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.
Amet cum voluptatibus reprehenderit nam odit. Iste quo aliquid debitis voluptas enim culpa. Neque eum et enim iure et impedit voluptate. Ea harum dolor corporis sint non nemo.
Rem ut nobis ut fugit ut beatae ipsum est. Quos sed molestiae alias et commodi velit. Dolores ipsa totam minima pariatur. Enim soluta quia officiis nostrum quo dolorum. Et ab qui officia accusamus molestias unde cumque quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...