Remove Income Approach Remove Market Value Remove Sales Comparison Approach
article thumbnail

What You Need to Know about Condemnation in Appraisals

Concept Appraisals

In such cases, an appraisal plays a pivotal role in determining the fair market value of the property being taken. The Role of the Appraiser in Condemnation An appraiser is tasked with determining the fair market value of the property. How is Fair Market Value Determined? Why Would a Property be Condemned?