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How does an appraiser come up with a value?

April 26, 2017appraiser value

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How does an appraiser come up with a value?

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By analyzing market data, including both historic and current comparable sales, current offers, pending sales, and proposed improvements. Then the appraiser compares your property to the broader market. The process may vary depending on why it is being done; for instance, an appraiser might weigh different factors more heavily for an insurance valuation than for a market valuation.