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Understanding Appraisal Value Factors by cris is a document available to read on EtoBox.
What is Understanding Appraisal Value Factors about?
The document summarizes key differences between appraisers and realtors when selecting comparable property sales. It explains that appraisers must select comps objectively without bias, using a bracketing technique of similar, inferior, and superior properties. Realtors may be biased towards comps that favor their client. The document also discusses how various property characteristics like additions, obsolescence, concessions, and over-or-under improvements can impact appraised value.
- Author
- cris
- Language
- EN