Appraisals in Terrell County, Georgia
Appraisal is the act of estimating the monetary value of real, personal, or intangible property, usually performed as a service by someone recognized as an expert or certified by an organization or government agency.
Common appraisal fields are;
•Aircraft
•Antiques
•Construction equipment
•Jewellery
•Real estate appraisal - the most common usage of the term appraisal
In the field of real estate transactions, appraisal is the act of presenting an opinion of the value of a property.
There are two main types of appraisal:
•Fee Appraisal - Appraisal of an individual property by a contracted appraiser who is usually paid a fee. For example, this will be done prior to a loan being issued by a bank, to verify that there is sufficient collateral should the borrower default.
•Mass appraisal - Appraisal of many properties using a more statistical approach. Usually done by government agencies responsible for setting values for property tax calculations.
There are various approaches to determining the value, including:
•Market - a.k.a. "sales comparison" - establishing the value based on a comparison of what similar properties have sold for.
•Cost - Establishing value based on the cost to build that structure new, less depreciation.
•Income - For commercial properties, establishing the value based on the income the property generates. For example, Retail space may be valued based on the rental income.
Looking for information on Appraisals in Terrell County. You've come to the right place.
Appraisals in Terrell County
The only real estate appraisers for this area are:
All South Real Estate Services
203 East Main Street
Butler, GA
478-862-3818
This page is still under construction. Please check back soon for more information about Appraisals in Terrell County, Georgia.
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