- An person who represents a seller, a buyer (or both) in the sale or purchase of real estate.
Appraisal
- An appraisal is an estimated value of a real estate property by a professional third party such as a Certified Real
Estate Appraiser. A written property appraisal my help the buyer borrow the required funds to buy the property.
Lenders always want “hard” evidence before they are willing to risk their money in property deals. Also every non-
owner financed mortgages will require an appraisal and is generally paid for by the buyer. Having a full written
property appraisal can put everyone’s minds at ease
Assessment
- The value of a property as calculated by the local tax jurisdiction. This assessment is then used to determine the
amount of property taxes the property owner is due to pay (in some countries an assessment is refered to as
"Rates".