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APPRAISAL FUNDAMENTALS

Differentiate the following:
Value= expected price that should result under specific market condition
Cost= Amount sent to build to make a being
Price= Actual amount paid in an particular transaction
Market value= the most probable price in cash terms equivalent to cash or other precisely revealed terms for which the appraised property will sell in a competitive market.
 
3 residual technique
Land residual
Bldg residual
Property residual
 
Avulsion= erosion
Accretion = Sudden removal of land
 
Relocation survey= finding back the boundaries
Resurvey = respective with the survey the lot resurvey even in the river
Reconstituted title= title burn in the Registry

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look for Oscar "Bong" Labrador, REALTOR ®
PRC REB Registration No. 0000321
Email: oscarbonglab@gmail.com
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Other Services: Real Estate Appraisal, Feasibility Study.