Real estate audit

Charles and Kim Petty

Real estate audit – is that the real one?

Real estate audit or property valuation is the clarify of determining the appraise of the property on the basis of the highest and the best use of real property (which basically translates into determining the fair advertise appraise of the property). The person who performs this real estate audit discipline is called the real estate evaluator or property valuation surveyor. The appraise as Benton by real estate audit is the fair advertise value. The real estate audit is done using different methods and the real estate audit principles the property as different for difference purposes e.g. the real estate audit could assign 2 different principles to the same property (Improved appraise and vacant value) and again the same/similar property could be assigned different principles in a residential zone and a business zone. However, the appraise assigned as a result of real estate audit could not be the appraise that a real estate investor would consider when evaluating the property for investment. In fact, a real estate investor could completely ignore the appraise that comes out of real estate audit process.

A good real estate investor would evaluate the property on the basis of the developments going on in the region. So real estate audit as done by a real estate investor would come up with the appraise that the real estate investor can get out of the property by trade it at a low price and business it at a much superior price (as in the present). Similarly, real estate investor could do his own real estate audit for the accepted appraise of the property in, say 2 years time or in 5 years time. Again, a real estate investor could conduct his real estate audit based on what appraise he/she can create by investing some amount of money in the property i.e. a real estate investor could decide on trade a dirty/scary kind of property (which no one likes) and get some adolescent repairs, painting, etc., done in order to increase the appraise of the property (the appraise that the real estate investor would get by business it in the market). So, here the meaning of real estate audit changes completely (and can be very different from the appraise that real estate evaluator would come out with if the real estate evaluator conducted a real estate audit discipline on the property). A real estate investor will generally base his benefaction decision on this real estate audit that he does by himself (or gets done through someone). So, can we then term real estate audit as a basically real ‘real estate appraisal’?

Kim and Charles Petty, experts in Real Estate Market. For FREE Special Report and CD and to set up strategy session on how you can make Six or Seven Figures A Year Buying and Selling Propertiesacross the USA & overseas go to ( http://www.VirtualRealEstateInvestingProfits.com/ ) VirtualRealEstateInvestingProfits or call1-800-311-9228

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