Appraisal: For real estate, an estimation of the worth of a given property, expressed as market value. Determining the market value of timeshare properties is not an exact science. Because of this, timeshare appraisals are viewed as lacking credibility, especially when an appraiser charges a fee to assess the value of a timeshare property. Many timeshare resale companies offer a market value survey as an alternative to appraisal. This survey will compare the price of the property in question with current listings for similar properties, enabling the seller to price his or her property aggressively yet still receive adequate compensation.

 

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Appraisal: For real estate, an estimation of the worth of a given property, expressed as market value. Determining the market value of timeshare properties is not an exact science. Because of this, tim . . . View Full Definition

Essay Appraisal: An appraisal strategy requiring the rater to provide a narrative description of an individual’s performance based on the rater’s performance observations.

Peer Appraisal: A performance appraisal strategy whereby an employee is reviewed by his or her peers who have sufficient opportunity to examine the individual’s job performance.

Subordinate Appraisal: An appraisal system whereby managerial employees are evaluated by their subordinates.