Appraisal Report

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • cost summary
  • pricing statement
  • survey
  • assessment report
  • value judgement

Definition of Appraisal Report

  1. A detailed evaluation a property's value that is typically conducted by a professional. The report is then based on an inspection of the property and a review of nearby, comparable properties along with their values.

Related Terms and Acronyms

  • Credit Report (CR) Bank, Very Important,
    • A report on a loan applicant's willingness and ability to make payments in a timely manner in the past. This report is provided to the bank by an outside agency.
    A report that outlines the credit worthiness of an individual or entity.
  • Survey (srvy) Abbreviation,
    • A map executed by a licensed surveyor, which sets down precisely the boundaries of a given property as well as improvements, references to known landmarks, and the property's notable features.
    As in surveyed land.
  • Property Report Definition,
    • A legal document prepared by a surveyor that shows the locations of all visible public and private improvements relative to property boundaries.
    • A legal disclosure that developers of timeshare properties are required to give to prospective buyers.
  • Inspection Report Definition,
    • The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.
  • Inspection Definition,
    • A critically and carefully performed examination.
  • Appraisal Definition,
    • An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
  • Appraised Value Definition,
    • An educated opinion of how much a property is worth.
  • Appraiser Definition,
    • A person qualified by education, training, and experience to estimate the value of real property and personal property.
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