Appraised Value Templates

The appraised value, also known as the appraisal value or value appraisal, is an essential concept in the real estate and property valuation industry. When determining the worth of a property, appraisers utilize various factors to arrive at an accurate assessment. These factors include the property's physical condition, location, market trends, and comparable sales in the area. Appraised value documents play a critical role in formalizing the valuation process and are required in many jurisdictions.

In California, Form GC-042 serves as a notice of filing of inventory and appraisal, allowing interested parties to object to the inventory or the appraised value of the property. This document ensures transparency in the valuation process and provides an opportunity for individuals to raise any concerns.

The state of Texas employs different forms to address appraisal-related matters. For instance, Form 50-249 is a joint motion used to correct an incorrect appraised value, ensuring that the valuation accurately reflects the property's true worth. Additionally, both non-homestead residential and real property in Texas are subject to Form 50-778, which serves as a notice of appraised value.

Understanding the appraised value of a property is crucial, whether you are buying, selling, or refinancing. These appraised value documents help to establish transparency, facilitate fair transactions, and enable individuals to make informed decisions about their real estate investments.