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Topical Terminology > Appraisal



25 Definitions

Appraisal

For Appraisal we have terms and definitions in 25 topics. The topics are Auto Loan, Automotive, Business, Charitable Donation, Coin Collecting, Commercial Real Estate, Conservation, Customs, Dairy Production, Debt Consolidation, Divorce, Domain Names, Financial, Foreclosure, Fundraising, Home Equity, Housing, Insurance, Mortgage, Purchasing A Home, Real Estate, Real Estate Appraisal, Real Estate Auction, Refinance and Sanitation.



Appraisal (Auto Loan)

Fee


Appraisal (Automotive)

A survey of the property to assess damage.An opinion of the market value of an asset as of a specific date.


Appraisal (Business)

Evaluation of a specific piece of personal or real property. The value placed on the property evaluated.


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Appraisal (Charitable Donation)

An assessment of the value of a piece of property. Benefactors contributing real or tangible personal property (art, books, collectibles, etc.) to us must secure an independent appraisal of the property to substantiate the value they claim as a charitable deduction.


Appraisal (Coin Collecting)

An estimate of a coin’s worth.


Appraisal (Commercial Real Estate)

The estimation of an opinion of value given on a property.. An appraisal of property is to be based on factual information given by a qualified professional appraiser.


Appraisal (Conservation)

An appraisal is a report provided by an independent professional that supplies a land owner or a land trust with information about the "fair market value" of property.


Appraisal (Customs)

Refer to: Valuation,


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Appraisal (Dairy Production)

The estimation of the monetary value (generally market value) of a resource (land, buildings, etc.). This is generally done by an experienced individual who is qualified in the appraisal process.


Appraisal (Debt Consolidation)

A written analysis of the estimated value of a property, as prepared by a qualified appraiser. A fee is typically charged for a real estate appraisal because a home appraisal is time-consuming. An appraisal of an auto is usually not necessary because auto dealers, sellers and buyers all have quick access to the market value of autos.


Appraisal (Divorce)

The procedure for determining the fair market value of an asset for equitable distribution in divorce.


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Appraisal (Domain Names)

An evaluation carried out to establish the potential market value of a domain name. Since the market for domain names is still in its infancy, different companies may arrive at very different appraisal values for the same domain name. Therefore, appraisals should be used as a rough guide to the value of a domain name, but should not be taken too seriously.


Appraisal (Financial)

Is an expert evaluation of the current, probable market value for a property. It is not necessarily the market value or transaction price. Is an expert evaluation of the current, probable market value for a property. It is not necessarily the market value or transaction price.


Appraisal (Foreclosure)

A valuation or an estimation of value of property by disinterested persons of suitable qualifications; the process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions.


Appraisal (Fundraising)

Donors claiming charitable income tax deductions for gifts in-kind other than gifts of stock traded on a national exchange, should substantiate the claimed fair market value with an appraisal if the total of such gifts is over $500. If the total of such gifts exceeds $5,000 ($10,000 for gifts of closely held stock), donors must have qualified appraisals and include summaries of those appraisals on their Forms 8283.


Appraisal (Home Equity)

A written analysis of the estimated value of a property, as prepared by a qualified appraiser. A fee is typically charged for a real estate appraisal because a home appraisal is time-consuming. An appraisal of an auto is usually not necessary because auto dealers, sellers and buyers all have quick access to the market value of autos.


Appraisal (Housing)

A document that gives an estimate of a property's fair market value; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.


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Appraisal (Insurance)

A survey to determine a property’s insurable value, or the amount of a loss.


Appraisal (Mortgage)

An estimate of the value of property, made by a qualified professional called an "appraiser".


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Appraisal (Purchasing A Home)

An expert or official valuation of a home. The lender will hire a qualified professional who makes an independent judgment of the home’s value based on its condition, prevailing prices in the neighborhood, resale values, age and other factors. An appraisal is different from a home inspection.


Appraisal (Real Estate)

An opinion of value based upon a factual analysis done by a disinterested person of suitable qualifications. The three methods are: Cost, Market Value, or Income.


Appraisal (Real Estate Appraisal)

A report from an independent third party detailing the estimated value of real estate.


Appraisal (Real Estate Auction)

The act or process of estimating value.


Appraisal (Refinance)

A written analysis of the estimated value of a property, as prepared by a qualified appraiser. A fee is typically charged for a real estate appraisal because a home appraisal is time-consuming. An appraisal of an auto is usually not necessary because auto dealers, sellers and buyers all have quick access to the market value of autos.


Appraisal (Sanitation)

(1) The act of estimating the value of property. (2) The value of property as estimated by a property-valuation expert.




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