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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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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.