Real estate appraisal, property valuation, or land valuation is the practice of developing an opinion of the value of the real property, usually its Market Value. Appraisals are required by banks and mortgage lenders as the real estate will be held as collateral for the mortgage loan.
Appraisers take many factors into consideration such as the current market trends, recent sales figures from comparable homes in the area, the location of the property and nearby amenities, and the structual condition of the property.
A real estate appraisal is performed by a licensed or certified appraiser (in many countries known as a property valuer or land valuer). For real estate purchases on Maui appraisers should have knowledge of the island and of the Maui real estate market.
Listed below are some real estate valuation companies with the essential appraisal analysis skills required to conduct real estate appraisals for the island of Maui in the State of Hawaii.