It’s essential to understand the steps in the appraisal process. With a combination of each step appraisers derive fair market value. These are the steps. Steps in the Appraisal Process Frame the purpose or identify the problem. Record the data …
The principle of progression and regression are two of the main appraisal principles appraisers use to determine fair market value for a property. This article discusses progression, progression examples, regression, regression examples, real estate appraisal, and what you need to …
Most people believe that if you spend money on improvements to your property, the market value of your property will go up by the cost of the improvement they add, but that is not always the case. Today, we are …
The principle of highest and best use is one of the many appraisal principles appraisers use to determine fair market value for a property. This article discusses highest and best use, its criteria, real estate appraisal, and what you need …
Most humans have a strong desire to be unique, but when it comes to real estate, it’s a bit different. In real estate, it’s best not to stand out from the crowd and conform to industry or neighborhood trends. This …
The principle of substitution usually comes up with appraisal and property valuation. It’s essential to understand for investors, property owners, and real estate professionals. In this article we cover everything you need to know about the principle of substitution. What …
