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What factors do the appraisers consider when estimating value?

April 26, 2017appraisers Estimating factors value

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What factors do the appraisers consider when estimating value?

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A. Appraisers consider many factors including location, size, zoning, highest and best use and economic conditions when reaching their value opinions. These value opinions are based upon and supported by comparable sales information.

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Appraisers look at many factors, including the size and location of the property, zoning issues and economic conditions which help determine the property’s highest and best use. Comparable sales information is then used to estimate fair market value.

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Appraisers look at many factors, including zoning issues, the size and location of the property, and economic conditions when reaching their estimate of market value. This estimated value is also based on comparable sales information and on the highest and best use of the subject property.