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What You Need to Know about Condemnation in Appraisals

Concept Appraisals

This is crucial for ensuring that the property owner receives a just valuation. This calculation is incorporated into the overall valuation. The fair market value is generally determined based on comparable sales of similar properties, income the property generates, and the cost of replacing the property minus depreciation.

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The Appraisal Report: What It Includes and Why It Matters

Concept Appraisals

Their expert knowledge, in-depth understanding of valuation methodologies, and unbiased approach equip them to provide an accurate and fair valuation of a property. Approaches to Value : The appraiser uses one or more established methodologies to arrive at a property’s value.