The Fundamentals of Real Estate Appraisals: Understanding the Variance Between Price and Value

Training Provided by Lorman Education Services Understanding Real Estate Appraisals - Understanding real estate appraisals is only the end of the process. Users of valuation instruments often view them as necessary evils and many appraisal reports appear to have been completed by appraisers with a similar notion. This teleconference will provide information that includes guidance on how to select a real estate appraiser, how to read a real estate appraisal and how to understand the appraisal reports value. The current gap between pricing and value is due in large part to the misunderstanding by both users and appraisers of real estate appraisals in utilization of the appraisal to sanctify the price.

The Fundamentals of Real Estate Appraisals: Understanding the Variance Between Price and Value I. The Chasm Between Price and Value
A. The Push to Blur the Price/Value Variance
B. What Is Price?
C. What Is Value?
II. Narrowing the Gap
A. The Responsibility of a Real Estate Appraisal End User
B. The Responsibility of the Real Estate Appraiser
C. Perception Takes Skill and Talent
III. The Evolution of Stability
A. Properly Valuing the Property
B. Pushing Back on Wrong Pricing
C. When Values Are Right, so Is Pricing

About The Training Provider: Lorman Education Services

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