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7 Steps in the Appraisal Process

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 …

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Principle of Progression in Real Estate

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 …

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Principle of Conformity in Real Estate

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 …

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Principle of Substitution in Real Estate

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 …

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