Residential Appraisal
on Apr 23 in Front Page posted by admin
A real estate appraisal helps to establish a property’s market value – the likely sales price it would bring if offered in an open and competitive real estate market.
A real estate appraisal helps to establish a property’s market value – the likely sales price it would bring if offered in an open and competitive real estate market.
A property must be appraised in terms of its highest and best use. Typically, three approaches to value are made independently of each other using the Cost Approach, Sales Comparison Approach, and the Income Capitalization Approach.