What Determines the Appraised Value of a Home?

Answer: A qualified appraiser only.

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: Location and condition

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: 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

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.