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The goal of a real estate valuation is to pinpoint the price and value of a property. The product of the real estate valuation – the commercial appraisal report – establishes the property’s value at a specific point in time. In addition, there are four main methods for calculating a commercial real estate valuation.
Research the specialty property appraisals of those sales and adjust to current dollar values. The record might also indicate which comparison properties they used to reach their valuation. Taking an average or medium of the local valuation may not provide the definitive answer you’re looking for; however, it is a helpful start.
A well-conducted appraisal can get you the best price for your property, while a poorly done appraisal can leave you stuck with an undervalued home. Through this blog, we will guide you through the process of getting your house appraised in seven simple steps. Read on to find out more, and ensure you get the bestvalue for your home.
NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, economics analysis, Fannie getting rid of appraisers?, Fannie Mae sees the appraisal process as “inspection + value.” Valuation By Comparison by Mark Ratterman, MAI Book Review. I was taught that “one sale does not make a value.”
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