Member Information
Get Connected
Search by Category
 Appraiser Training


Post articles View all articles Print article

Appraised value.

An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer.

An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution.

When obtaining a mortgage the funding lender relies on the standardized valuation methods of an appraiser to asses a monetary value for the specific piece of real property on which a loan will be secured (e.g. a residence). The lender will then justify the loan amount (and other risk-based pricing) factors as a percentage of the appraised value of the property.

Appraised values can also be made after a property sale. For example, home owners wishing to gain access to their increased equity in their home may obtain a mortgage valuation to prove its value has risen and thus justify increasing the amount of their mortgage. Also, the various states of Australia each have a Valuer-General's Department, which regularly assess land values in all municipalities and shires for the purpose of issuing property tax notices.

A low appraised value will affect a buyer's ability to purchase a property. This is because the loan amount would seem too high with respect to the value. Unless the buyer can come up with the difference, the buyer will unlikely be able to qualify for the loan.

Appraisal fraud

Fraud in appraisal happens during upturn markets. When a homeowner is looking to refinance their home, the appraiser is sometimes under pressure to overvalue the home to make the refinancing more attactive. There is also a tendency for an appraiser to overvalue a home when houses are selling for more than they are worth.

All text of this article available under the terms of the GNU Free Documentation License (see Copyrights for details).

Appraisers   Show All articles
Search by Zip
  Enter Zip  search
Contact Appraisers near you.
Firstname *
Lastname *
Email *
Phone *
Alt. Phone
Zip *
Brief reason to contact *
Los Angeles AppraiserMIAMI-DADE AppraiserCook Appraiser
SAINT LOUIS AppraiserHarris AppraiserMaricopa Appraiser
Orange AppraiserSan Diego AppraiserPRINCE GEORGES Appraiser
Kings AppraiserDade AppraiserQueens Appraiser
Dallas AppraiserWayne AppraiserKing Appraiser
San Bernardino AppraiserSanta Clara AppraiserDEKALB Appraiser
Broward AppraiserDU PAGE AppraiserRiverside Appraiser
New York AppraiserPhiladelphia AppraiserMiddlesex Appraiser
Tarrant AppraiserAlameda AppraiserSuffolk Appraiser
Cuyahoga AppraiserBexar AppraiserClark Appraiser
More information...
Real Estate Appraiser Training
Marketing is highly essential for the success of a real estate business. Since majority of the home buyers use the internet to shop for homes, it has made important for the realtors to ...
Classes In Real Estate - For Buyers or Realtors
If you’ve ever played the game of monopoly, you’ve had that great feeling of snatching up Park Place and Broadway at least once or twice, then waiting patiently to build hotels everywhere...
5 Things to Look for in a Property Appraiser
Homeowners who are seeking a property appraiser often ask “How should I choose which real estate appraiser to use?” When selecting a property appraiser...
Real Estate in California
The prices of the properties continue to climb in the suburbs cossues of California, but at intervals slower than front. For example, since the year 1998...
Real Estate Licenses
A real estate license is the key to a lucrative career in the real estate industry. A real estate license is a powerful tool in the property business....
Taking an Online Real Estate Training Course
Starting a career in real estate is not as easy as it seems. All state governments require practitioners in the industry to be properly licensed, and there are different types of licenses depending on...
Real Estate Agent Salaries
The real estate business can be a lucrative job option. However, the job of a real estate agent may not be a full-time career option for a large number of people....
How to Get Your Real Estate License
Real estate business is presently a topmost business to make money. Several people want to make career in this business but a real estate license is the basic requirement to perform real estate...
Why Do You Need a Real Estate Appraisal?
Anytime you buy or sell real estate, you need a real estate appraisal. The primary purpose is to find out exactly how much your property is worth....
Real Estate School
As you may know, buying a home involves many different decisions about where you will live and for how many years. Along with geographical decisions...
How Important is a Real Estate Appraisal?
A real estate appraisal is necessary any time you buy or sell any kind of real estate. The purpose for an appraisal is to find out the value of a piece of property....
How to Become a Real Estate Appraiser
Learning how to become a real estate appraiser starts with an introduction to the work itself. Real Estate Appraisers will either work for themselves or are part of a larger company....

Site Map | RSS Feeds | Articles | Jobs | Links | All Members | Popular Searches | Popular Questions