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Understanding an Appraisal Report A USPAP-compliant Appraisal Report is a comprehensive document detailing an appraiser’s professional opinion of a property’s value. Approaches to Value : The appraiser uses one or more established methodologies to arrive at a property’s value.
MarketAnalysis: 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. They also research similar properties that have sold in the area.
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