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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.
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Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. Typically, this would be for localproperty tax appeals. The approaches to the appraisal problem will be varied and the complexities may be minor or major.
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