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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 marketvalue. Understanding the home-buying process isn’t easy.
But there’s growing evidence that non-appraisers can perform high-quality data collection that ultimately empowers the appraiser to focus on what they do best: analysis, research, and determining marketvalue. Real estate agents in particular understand localproperties extremely well.
MarketValue vs. Investment Value Sometimes, the price youre willing to pay doesnt align with the broader market because of your specific goals or unique resources. Distinguishing between marketvalue and investment value is key to smart deal-making. Direct control but higher time commitment.
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