article thumbnail

What Kind of Appraisal?

Drishti LLC Appraisers

On the other hand, Market Value takes into account the more specific circumstances of a sale, and is used for the intention of liquidation. Similar to Fair Market Value, Market Value uses a sales comparison approach of recent, actualized sales to determine the value.

article thumbnail

Choosing the Right Appraisal Professionals for Accurate Property Valuation

Prime Appraisals

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. Report Generation: Once all data is collected and analyzed, appraisal professionals generate a detailed appraisal report.