The definition for Appraisal:
An opinion of value based upon a factual analysis. Legally, an estimation of value by two disinterested persons of suitable qualifications.
Appraisal MethodsAppraisal Methods
Generally, three major methods of appraisal: Cost Approach, Income Approach, Market Value (comparables) Approach.
Joint AppraisalJoint Appraisal
An appraisal by more than one appraiser, but one which states common conclusions of all.
Click to compare definitions of Appraisal
Click to view definitions beginning ap