Clarke & Associates Inc.: Communication is the key to all successful relationships

[jonathan palacios]

Most appraisals are reported in writing, although in certain
circumstances, an appraiser may provide an oral appraisal. A written
appraisal report generally consists of: a description of the property
and its locale; an analysis of the "highest and best use" of the
property; an analysis of sales of comparable properties "as near the
subject property as possible"; and information regarding current real
estate activity and/or market area trends. The value indicated by
recent sales of comparable properties, the current cost of reproducing
or replacing a building, and the value that the property's net earning
power will support are the most important considerations in the
valuation of real property.

In addition to residential or commercial appraisal - and depending
upon an appraiser's designation and qualifications - he or she may be
able to assist with the following:

- Estate planning and estate settlements
- Tax assessment review and advice
- Advice in eminent domain and condemnation property transactions
- Dispute resolution-including divorce, estate settlements, property
partition suits, foreclosures, and zoning issues
- Feasibility studies
- Expert witness testimony
- Market rent and trend studies
- Cost / benefit or investment analysis, for example, what will be the
financial return on remodeling
- Land utilization studies
- Supply and demand studies

Clarke & Associates Inc.: http://www.cma1.ca/528