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How do appraisers determine the fair market value of a property?

April 26, 2017appraisers determine fair market Property value

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How do appraisers determine the fair market value of a property?

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Appraisers generally use a sales comparison approach to determine the fair market value of the property you wish to purchase. This is comparing the price of the property with that of the prices for which similar properties are selling in the same area.