What Determines the Appraised Value of a Home?
| By ProMatcher Staff | Updated: 02/01/2018 | |
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" | Home Town Appraisals | Answer: Location and condition | Real Estate home appraisals | Answer: Most recently closed Comparabls sales that are located within the subject property market. | Wall Street Appraisal | | ProMatcher | | Fast Appraisals | Answer: There are three ways to determine the value of anything, and each plays a part in property appraisal. Comparable sales, replacement cost, or income (of a rental or income property). Read more on our blog: http://bit.ly/2oxve4N | Master Appraisal Services | 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. | AEXACT APPRAISAL COMPANY |
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