Proven Knowledge Gilliam
Appraisal has a proven track record for delivering our expertise of the
market to news organizations, towns, State Governments and many others.
To stay on top of the market is our goal, and answering
questions
to spread that knowledge is a task we take seriously. That's
why
Gilliam Appraisal has teamed up with The Somerset Sentinel, a local
newspaper provided free of charge, to deliver these essential Real
Estate Related answers to the people. An informed buyer is a
prudent buyer, and the knowledge that we have, we share with those who
need it.
If
you find that your question is not listed below, click - HERE - to
send us your question. Q.
1 - What is an Appraisal?
A. 1- To put it simply, an appraisal is an 'opinion of value'.
Now there can be different types of value (fair market, value
in
use) and different situations, but when it comes right down to it, and
appraisal is an opinion of value.
Q. 2 - What is "Real Property"?
A- 2 - There are basically two forms of property; Real and Personal.
Personal Property is called Personalty, and Real Property is
called Realty (That's where that comes from). Real Property
differs from what is considered 'land', because Real Property
includes the rights to the property.
For example,
having the 'use' of
land can be quite valuable, when it fact you would own no 'land', or
dirt. This example works around water front properties.
The
'dirt' isn't what is valuable, it's the use of the land that is close
to the water frontage.
On
a community note, our home town of Norridgewock Maine recently had a
story run by WLBZ-TV Channel 2 on the New Mill Stream Elementary School.
