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However, individual comparable sales exhibited different trends relative to the market average: Figure 1 For more information, refer to the Fannie Mae Selling Guide, section B4-1.3-09. Additionally, appraisers can use statistical tools to identify outliers and focus on sales that exhibit consistent market patterns.
Some questions to answer: How would the build or improvements compare to other localproperties? For example, extensive upgrades could over-improve a property to the point that it is over-priced for the market.). What type of commercial property (e.g., Want more resources for appraisers?
Q: What primary new technologies or innovations is Safeguard Properties adopting to improve efficiency and service quality? Safeguard Properties is increasingly leveraging AI to streamline operations, improve data analysis, and optimize inspections. Additionally, ongoing and locally focused recruitment is constant.
Market Value: The likely price a property would fetch in an open, competitive market under fair conditions. Lenders, appraisers, and brokers typically reference market value when determining loan amounts or pricing recommendations. This helps investors spot specialized local economies (e.g., Heres how it works in CRE.
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