What standards do appraisers use to estimate value of an Outer Banks home or Corolla property?
Appraisers use several factors when estimating a home’s value, including the home’s size and square footage, the condition of the home and neighborhood, comparable local sales, any pertinent historical information, sales performance and indices that forecast future value. For detailed information on appraisal standards, contact the Appraisal Institute at 875 N. Michigan Ave., Suite 2400, Chicago, IL 60611-1980; (312) 335-4458.
Related Questions
- Do I need a home inspection before I purchase a home in the Outer Banks Real Estate market or Corolla Real Estate market?
- Are there standards that appraisers use to estimate the value of a Santa Barbara home or Montecito property?
- What standards do appraisers use to estimate value of a Huntington Beach home or Costa Mesa property?
