What Determines the Appraised Value of a Home?

Answer: Area sales, condition, improvements, square footage, and size of the lot just to name a few.

Answer: WHEN DETERMINING MARKET VALUE USING THE MARKET APPROACH, GOOD COMPARABLES WHICH ARE MOST SIMILAR IN DESIGN,SIZE,LOCATION,CONDITION, AND RECENTLY SOLD.

Answer: The appraised value of a property is the Market Value. Market Value is defined as. "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgably and assuming the price is not affected by undue stimulus"

Answer: Most recently closed Comparabls sales that are located within the subject property market.

Answer: Condition and location are important factors. The primary criterion, though, are recent and similar property sales that form the basis of the appraised value.

Answer: The market.

Answer: As an appraiser I look at the following items to determine an opinion on value; location, view, site size, age, quality of construction condition, basement, garage, GLA, bed, bath and room count.