Apprairal value

[arul]

An appraisal value is an evaluation of a property’s value based on a given point in time that is performed by a professional appraiser during the mortgage origination process.

Statement formation:

Appraisal in infosis got their appraisal value in form of remuneration for their efficient performance appraisal.

[jeevithakomu]

• Appraisers opinion (not determination ) of the current worth of a property based on factors such as area , location, improvements & amenities .
• It is arrived by using three methods:                   cost approach , income approach , market comparison approach…
• EG : A loan to value ratio (LTV)  is based on the appraised value .In general if the LTV is greater than 80% the lender will require the borrower to buy private mortgage insurance .However if the LTV drops to 78% upon a new appraisal private mortgage insurance payments may be eliminated.

[lavanya]

Sometimes the appraisal value will not coincide with an asset’s market value & buyers will often pay more or less than an asset’s appraised value based on what the asset is worth to them..

[Jayalakshmi. j]

An appraisal value is an evaluation of a property s given point in time that is performed by a professional appraiser during the mortgage origination process

The appraiser is usually chosen by lender but the appraisal is paid for by the borrower.

[Hemapriya]

Appraiser’s opinion of the current worth of the property based on factors such as area, locations, improvements and aminities.

[Author]

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