When & How do Appraiser’s Adjust for Age?
Cleveland Appraisal Blog
MARCH 4, 2021
Like most aspects of an appraisal, things seem easy. Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. A ten-year old bathroom may be in good condition.
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