International Society of Appraisers
MARCH 14, 2025
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). Consider the purchase prices and comparable sales first. As appraisers, we are market researchers. You do not choose one of the four options.
Concept Appraisals
OCTOBER 6, 2023
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. These are commonly referred to as the Sales Comparison Approach, Income Approach, and Cost Approach respectively.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Prime Appraisals
NOVEMBER 15, 2023
These factors include the property's condition, location, recent sales of similar properties, and local market trends. Market Analysis: Appraisers analyze the local real estate market, considering factors like supply and demand, market trends, and recent property sales. This analysis helps them arrive at an accurate valuation.
Fine Art Estates
JANUARY 7, 2022
Over the years, I have spent a lot of time on the phone trying to help people determine if the painting they found in a garage sale is worth anything. These websites compile results from many auction houses and show not only the results of past sales, but also estimates of works that will appear in future sales.
Concept Appraisals
MAY 31, 2023
The market analysis goes a step further, studying the broader real estate market trends in the area, such as supply and demand dynamics, pricing trends, and the pace of sales. Approaches to Value : The appraiser uses one or more established methodologies to arrive at a property’s value.
Expert insights. Personalized for you.
52 
Let's personalize your content