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The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.

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The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. The next level down of value is Actual Cash Value.

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Office Hours Information from March 2025

International Society of Appraisers

Further, appraisal reports must follow the latest version even if the appraiser has NOT taken the latest course. You need to analyze comparable sales data in the most common market where transactions to the public most frequently occur. the market in which sales to the public most frequently occur). sold prices).

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value. You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. Understanding the historical context of the artwork is crucial.

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What Kind of Appraisal?

Drishti LLC Appraisers

A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. It is for your information only.

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What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

A comprehensive jewelry appraisal can help mitigate disputes and provide clarity regarding the value of the estate's assets. In addition to insurance and estate planning, written jewelry appraisals are valuable for resale purposes.