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ServicesTHE APPRAISAL REPORT The appraisal report is a formal written document which contains (a) the estimate of value, (b) the effective date of the appraisal, (c) the certification and signature of the appraiser, (d) the purpose of the appraisal, (e) the qualifying conditions, (f) an adequate description of the neighborhood and identification of the property and its ownership, (g) the factual data, (h) an analysis and interpretation of the data, (i) the processing of the data by one or more of the three approaches and (j) other descriptive supporting material (maps, plans, charts, photographs). HIGHEST AND BEST USE A study that targets the use that will result in a level of income which, when capitalized; into value, will result in the highest net present value from among the assortment of alternative uses. FEASIBILITY SURVEY A feasibility survey is an analysis of the cost-benefit ratio of an economic endeavor. A real estate project is "feasible' when analysis indicates that there is a reasonable likelihood of satisfying explicit objectives and when a selected course of action is tested for fit to a context of specific constraints and limited resources. Feasibility of a real estate project is normally related to its probable economic potential. MARKET STUDY A market study is the comparison of market analysis projections with the supply of space for a specified activity in an effort to identify market opportunities. MARKETABILITY STUDY A marketability study is a study to determine to what extent a particular piece of property can be marketed or sold under current or anticipated market conditions. It is inclusive of a market study (analysis) of the general class of property being considered. Looking for a particular part of our site. Click here to see our site map.
561-994-4745 Ames Appraisal Services, a division of The Ames Organization, Inc.
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