What Determines the Appraised Value of a Home?

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.