Remove Appraisal Reports Remove Condition Remove Sale
article thumbnail

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).

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

The Appraisal Report: What It Includes and Why It Matters

Concept Appraisals

When it comes to appraisal reports, many of people have a tend to fast-forward to the final value estimate, akin to flipping to the end of an intriguing book to uncover the ending. Let’s delve into the fascinating world of the Appraisal Report and its pivotal role in real estate processes.

article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Art Sales When contemporary art owners decide to sell their pieces, they may request an appraisal to establish a realistic asking price. Auction houses, galleries, and art dealers often require a certified art appraisal to estimate and reserve artwork sales prices.

article thumbnail

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 is Fair Market Value.

article thumbnail

Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

The appraiser will assess its condition, size, materials and overall condition. The appraiser will then research the artist, provenance, exhibition history and market trends related to the artwork and similar pieces. It is helpful if you are working with an appraiser who is well versed in the style of work.