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Richmond real estate appraisers -A short clip

http://www.macintoshappraisals.com/ .Macintosh Appraisals is a major Canadian real estate appraisal and consulting firm providing real estate appersiser , property value, house value, property valuation. For more call 604-522-3900.

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Richmond real estate appraisers -A short clip

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Presentation Transcript

  1. Welcome to Macintosh Appraisals

  2. Goal Of Macintosh The Goal at Macintosh is to provide appraisal services efficiently and cost-effectively. Superior personnel,Resources,technology,and experience combine to produce the best and most widely accepted reports in the business.

  3. What is appraisal? • Simply put, appraisal is the act or process of estimating value. • More precisely: “The term appraisal means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of adequately described property as of a specific date, supported by the presentation and analysis of relevant market information”

  4. What is value? • Value is the worth of an item. • Human behavior determines value because no item has inherent value. • Value in exchange is the quantity of one thing that can be obtained in exchange for another good. This relationship is determined by the market. • Value is subjective due to personal preferences, but market value is objective due to market behavior.

  5. Market Value "The most probably selling price in terms of money which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buy and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.” -

  6. Market Price “The amount actually paid, or to be paid, for a property in a particular transaction, which differs from market value in that it is an accomplished or historic fact, whereas market value is and remains an estimate……” -

  7. Market Value vs. Market Price(the skinny) • Value and price are identical in a theoretical, perfectly competitive market. • We live in a real world! Market value is the “most probably selling price” under typical market conditions. • Price is an agreed upon amount or a historical figure.

  8. Fundament Theory of Appraisal • Supply and demand • Anticipation/Change • Competition reduces economic rents • Substitution • Opportunity cost • Contribution • Externalities/linkages

  9. Types of Appraisals • Airport Facilities • Apartments • Acreages • Casinos • Churches • Commercial Strata Units • Commercial Subdivisions • Convenience Stores • Construction Projects

  10. Contd. • Co-ops • Duplexes • Equestrian Centers • Farmland • Hotels • Houses • Medical offices • Mortals • Restaurants

  11. Conclusion • A real estate appraisal is a professional opinion of value as of a particular date based on systematic analysis and market data.

  12. THANK YOU 

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