International Society of Appraisers

MARCH 14, 2025

This is because we use different approaches for determining fair market value and replacement value. When determining fair market value, we use the sales comparison approach to analyze comparable sales data (i.e., Note that the definition of replacement cost comparable mentions age. sold prices).

Appraiser/appraisal 52

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 52

Drishti LLC Appraisers

APRIL 16, 2021

For one-of-a-kind artworks, the basis for comparables is usually other works by the same artist, or artwork of similar renown, age, materials and genre. On the other hand, Market Value takes into account the more specific circumstances of a sale, and is used for the intention of liquidation.

Appraiser/appraisal 40

Appraiser/appraisal Appraisal Reports Market Value Sales Comparison Approach 40

Concept Appraisals

MAY 31, 2023

Description of Improvements : Details about structures or improvements on the property, including their condition, quality, and age, are outlined in this section. Approaches to Value : The appraiser uses one or more established methodologies to arrive at a property’s value.

Appraisal Reports 52

Appraisal Reports Appraiser/appraisal Analysis Valuation 52