Business and Management

Property Appraisals – Are They Worth It

In a rapidly changing real estate market today with an unprecedented number of foreclosed properties, it's a challenge just to find out how much to pay for a piece of property. I know there are many experts and real estate agent who says you need to hire a professional to give an assessment or analysis of the competitive market (CMA) of the property before you buy, but my question is who is more committed to determine the true value of the property of your investors?

It is the difference between success and financial ruin. As a serious investor, you have your local market survey cataloging all types of information that may someday be of value for your investment career. However, you can get the assistance of your Los Angeles licensed property appraiser through to get your property assessed.

After all who is more interested in your success than you are? You have taken the time to study, to investigate and understand your "backyard investment", why should now take the word of someone you do not know to the potential value of a piece of property?

Use your own knowledge and instincts to make investment decisions. If investors have been doing things like this for the last ten years, we probably will not be in financial straits we are now as a country. Getting other people with their own agendas involved in your decision-making process adds time and cost to the business.