Real Estate Appraisal Services Procurement in the US
This report is intended to assist buyers of real estate appraisal services. An appraisal, or valuation, is an estimation of the fair market value of a real estate property. Appraisers research the pertinent characteristics of a property, such as its efficacy in generating income, to determine its market value. Real estate is appraised when it is sold, mortgaged, taxed, insured or developed. Operators appraise both commercial and residential properties. This report excludes escrow and title services, as well as real estate asset management and consulting services.