Industry Best Practices (Valuation)

May 19, 2024 ... Appraisers closely inspect your home's condition, local market trends, and comparable sales within your area to determine the fair market value. What does an appraiser look for when you're refinancing? · Comparable properties in the area · Condition of the home · Location · What you can do to make a good ... Apr 8, 2021 ... How Do Appraisers Choose Comps? · Location: First, the appraiser looks at location, which is always the most important thing in real estate. · Age ... Property appraisers and assessors typically do the following: Verify descriptions of property, such as by consulting public records; Inspect property, noting ... Dec 2, 2024 ... An appraiser will use a ton of research to produce their opinion of value. They'll evaluate your location and neighborhood, research similar houses that have ... Why does an appraiser make “adjustments”? In developing an opinion of the value of a property, an appraiser considers recent sales of similar properties. Once the appraisal is complete, the appraiser will provide a report that includes their opinion of the property's value. How Do Commercial Real Estate ... Jun 27, 2023 ... A home appraisal is a process done by a licensed appraiser that evaluates a property's worth based on its location, size, condition, and sale prices. Jun 1, 2015 ... If there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. Describe what an appraiser does ... An appraiser produces an unbiased and well supported determination of market value, in the support of real estate transactions ...