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A qualified appraiser will compare recent sales of similar localproperties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Due to today’s booming housing market, the appraisalprocess may take anywhere from days to weeks to complete.
The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisalprocess. Graphical tools also facilitate easier communication with clients and other stakeholders who may not be familiar with the technicalities of real estate appraisal.
The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property. Question 6: What is the overall commercial real estate appraisalprocess?
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Appraisal Process 
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