|Ron Pacheco Real Estate Appraisal is a 22 year old
real estate appraisal firm located in Fall River, Massachusetts. We serve many areas of Massachusetts and Rhode Island including, but not limited to Bristol, Plymouth, Providence, Newport, Barnstable and Norfolk county, please view our coverage areas for more information. Appraiser Ron Pacheco will provide you with prompt, accurate, professional appraisals of land, residential and income properties at a fair price.
We are at your service to answer any questions about your appraisal requirements or about the different types of services we provide. Contact Ron Pacheco Real Estate Appraisal today, for an appraisal consultation / price quote, general questions or to order an appraisal.
What is a Real Estate Appraisal?
Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is the most important determinant of their value. So there cannot exist a centralized Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property.
A real estate appraisal is performed by a licensed or certified appraiser (in many countries known as a property valuer or land valuer and in British English as a "valuation surveyor". If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report. Appraisals of more complex property (e.g. -- income producing, raw land) are usually reported in a narrative appraisal report.
Why a Real Estate Appraisal?
There are many reasons why you need a real estate appraisal.
Reduce property taxes, probate, estate planning, divorce settlements are some.
The most common one is to obtain a mortgage. Below is a list of reasons why you need a real estate appraisal and the appraisal services we provide...
- » Primary and Secondary Mortgages
- » Mortgage Refinancing
- » Employee Relocation
- » FSBO Listing Valuation / Pre-Sale
- » Private Mortgage Insurance (PMI) Removal
- » Tax Assessment Appeal
- » Estate Planning / Probate
- » Divorce Settlement
- » Bankruptcy
To read more about real estate appraisals, please visit wikipedia.org