and Ranch, Co.
Timothy N. Kuchta is
a Certified General Real Estate Appraiser. He is a qualified appraiser
of residential, commercial and agricultural real property. The expertise
that he possess in this area requires him to be knowledgeable about
current production values, construction costs, and price trends
-- with a good sense of judgment. Experience is a very valuable
& Market Value
How is a property's value determined?
You have several ways to determine
the value of a home.
An appraisal is a professional estimate of a property's market value,
based on recent sales of comparable properties, location, square
footage and construction quality.
A comparative market analysis is an informal estimate of market
value performed by a real estate agent based on similar sales and
What is the difference between market value and appraised
Appraised value is a certified appraiser's
opinion of the worth of a home at a given point in time. Lenders
require appraisals as part of the loan application process.
Market value is what price the house will bring at a given point
in time. A comparative market analysis is an informal estimate of
market value, based on sales of comparable properties, performed
by a real estate agent or broker.
What is a property worth?
A property is worth what a willing
buyer will pay for it and a willing seller will sell it for. Everything
else is an estimate of value. To determine a property's value, most
people turn to either an appraisal or a comparative market analysis.
What standards do appraisers use to estimate value?
Appraisers use several factors when
estimating value including historical records, property performance,
condition of the property and indices that forecast future value.