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Localproperty price indexes, such as those from CoreLogic, S&P CoreLogic Case-Shiller, or other reputable sources, can be used to determine how property values have changed over a specific period. Active listings also provide insight into current seller and buyer motivations.
A propertyappraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. It is important to note that an appraisal is not a commodity in itself.
The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Specialization Residential and commercial propertyappraisals differ. For example, commercial propertyappraisal considers income generation, which isn't a factor for residential propertyappraisal.
We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial propertyappraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial propertyappraisals important?
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