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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. In the other case, my client’s attorney recommended having their marital property appraised. All three are market-based approaches. That’s right!

Appraisal 302
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.