When & How do Appraiser’s Adjust for Age?
Cleveland Appraisal Blog
MARCH 4, 2021
There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. If this is the case, while there is a relatively wide age gap, no age or condition adjustment may be supportable. Once we know these things, we can determine how much value a home has lost.
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