Appraisal Methods
Monday, November 26th, 2007Appraisal Methods Most appraisers use three approaches to
establish the value of a property. The Sales Comparison Approach
is normally considered to be the best indication of value for
residential property.
Sales Comparison Approach: In this approach the appraiser finds
three to four comparable properties in the neighborhood which
have recently sold. Ideally, these properties are within a
one-half mile radius of […]