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Real estate appraisal is that the true one?

Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the greatest and the greatest use of real property (which generally translates into determining the fair market value of the property). The person who performs this real estate assessment exercise is named the real estate appraiser or property valuation surveyor. The value as dependant on real-estate appraisal is the fair market value. The real estate appraisal is performed using different methods and the real estate appraisal values the house as different for difference purposes e.g. the real estate appraisal might assign 2 different values to the exact same property (Improved value and vacant value) and again the same/similar property might be given different values in a residential zone and an industrial zone. But, the value assigned as a result of real estate assessment might not be the value that a real estate investor would consider when assessing the home for investment. Actually, a real estate investor may completely ignore the importance that happens of real estate appraisal process.

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The property would be evaluated by a good real estate investor on the basis of the developments going on in your community. So real estate appraisal as performed by a real estate investor would develop the price that the real estate investor could possibly get out of the property by buying it at a price and selling it at a much higher price (as in our). Equally, real estate investor may do his own real estate assessment for the estimated value of the property in, say 2 years time or in 5 years time. Again, a estate investor might conduct his real estate assessment based on what value he/she can cause by trading some sum of money in the property i.e. a estate investor might decide on purchasing a dirty/scary type of property (which no body wants) and get some slight repairs, painting etc done in order to improve the value of the property (the value that the real estate investor would get by selling it in the industry). Therefore, here the meaning of real estate appraisal improvements completely (and can be extremely distinctive from the price that real estate appraiser would come out with if the real estate appraiser conducted a estate appraisal exercise on the property).

A real estate investor will usually base his financial commitment with this real estate assessment he does by himself (or gets done through someone). So, could we then term real estate appraisal as a truly real real estate appraisal?