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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. Below are two common approaches to property appraisals. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area. Land value depends on: The location.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? All commercial real estate appraisers must follow a very strict code of ethics and rules.

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The report serves as an official document that provides an objective assessment of the property’s market value.

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

“Value in use” is the value of a property assuming a specific use, which may or may not be the property’s highest and best use on the effective date of the appraisal. Special design and configuration of the property aren’t the same as “value-in-use,” an accounting term signifying credit value from cash flows.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. These details are more relevant and appropriate in an appraisal.

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Why Do Home Appraisals Cost so Much?

AmeriMac

A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Appraisers craft these reports based on several factors, including: Comparable homes in the neighborhood. Construction. Local market. An appropriate appraisal is critical for securing financing. Property size.

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Why Do Home Appraisals Cost so Much?

AmeriMac

A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Appraisers craft these reports based on several factors, including: Comparable homes in the neighborhood. Construction. Local market. An appropriate appraisal is critical for securing financing. Property size.