Appraised Value

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • estimated
  • price
  • replacement cost
  • current value

Definition of Appraised Value

  1. An educated estimate regarding the value (monetary worth) of a property determined by a qualified appraiser.

Related Terms and Acronyms

  • Low Ball Offer Definition,
    • A way-below-market bid a buyer makes on a property or item.
  • Intangible Asset Bank,
    • Non-physical resources or rights to other assets. Patents, goodwill, permits and computer programs are examples of intangible assets.
  • Extended Replacement Cost Definition,
    • A replacement cost for an asset that exceeds that of the actual cash value of the asset.
  • Monetary Value Bank,
    • A property's monetary value is its worth if sold at this moment in time.
  • Lending Value Definition,
    • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
  • Assessments Definition,
    • Special and local taxes imposed upon property which benefits from an improvement that has been made in the vicinity.
  • Intangible Property Bank,
    • Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
  • Purchase Price Definition,
    • The total selling price of the home, including the cash down payment and the principal on the loan.
  • Appraisal Report Definition,
    • A detailed evaluation of the value of a property based on an inspection and a review of the values of nearby, comparable properties.
  • Sale Price Bank,
    • The price that is paid for an asset.
  • Effective Age Bank,
    • An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
  • Fair Market Value (FMV) Acronym, Very Important,
    • The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • 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.
  • Full Market Value Definition,
    • In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.
  • Valuation Bank,
    • The process of finding the worth of an asset or business.
    • The estimation of a property's price value through an appraisal.
  • Book Value Bank,
    • A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.
    • The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
  • Seller's Market Bank,
    • Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
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