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

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