Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use a new construction sale as a comp for an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Appraisers sought to bracket the subject using three comparable sales.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. 3) Year Built – The year a home was built and its age can affect its value.

Market Value 85

Market Value Agents Appraisal Bracketing 85

Clear Capital

DECEMBER 21, 2022

With so much at stake, a credible appraisal report with the appropriate comparable sales is key to determining the market value of a property and protects the investment of the parties involved in the transaction. When choosing comparable sales, bracket the location or view . But this is not always the case! 1 is location, No.

Appraisal 69

Appraisal Bracketing Clients Market Value 69