Real estate appraisal, property valuation or land
valuation is the process of valuing Real Property.
We at JDA Real Estate have been appraising in Residential properties, vacant land, and condos high and low since 2003. Our experience through years of boom to the years of bust has sharpened our skills and understanding of the full circle or the market.
If a home inspection is preformed prior to the appraisal it allows for the appraiser to have a better understanding of the properties condition and can factor it in to the over value in the comparison approach when performing the appraisal. With the our back ground in appraisals and home inspections we can provide and more in depth valuation of your property resulting in the best understanding of your value.
Our appraisers can help you understand and gain the insight to
- Market value - The market value is the dollar amount at which your property would trade in a competitive setting. Market value is often referred to as open market value or fair value.
International Valuation Standards (IVS) define Market Value as the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.
- Value in use - The Net Present Value (NPV) of a cash flow that a a property generates for an owner for a specific use. Value-in-use is the value to the user, and may be greater than or less than the current market value of the property.
- Investment value - Investment value is the current value or worth to an investor, and may or may not be greater than the current market value of the property. The differences between the investment value of a property and its current market value are often the primary motivation for buyers or sellers to enter the marketplace.
International Valuation Standards (IVS) define Investment Value as the value of an asset to the owner or a prospective owner for individual investment or operational objectives.
- Insurable value - The insurable value is the value of real property covered by its specific insurance policy. Generally speaking, the insurable value does not include the actual site value.
- Liquidation value - The liquidation value may be viewed as a forced liquidation or an orderly/planned liquidation and is the most commonly sought standard of value in a bankruptcy proceeding. Liquidation value assumes the seller is forced to sell the property after an exposure period that is less than the market-normal time-frame.
Our appraiser work with buyers, sellers, mortgage companies, insurance companies, lawyers, banks, FHA & VA lenders, real estate agents, home owners, national review companies, AMC’s and accountants, let JDA REAL ESTATE SERVICE be your providers in real estate consulting , appraising and valuations in the Low Country and Charleston market.
Justin D. Albright
Charleston, SC 843-410-3208
Columbia, SC 803-466-5787