When & How do Appraiser’s Adjust for Age?
Cleveland Appraisal Blog
MARCH 4, 2021
While we take into consideration both actual and effective age in our appraisal process, if a home is not newer construction, as noted earlier, it is more typical to make an adjustment for condition or effective age rather than for chronological age. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates?
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