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What are the two types of appraisal reports?
A summary evaluation report summarizes the data and analysis used in the task. A restricted-use evaluation report simply...
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What are the 3 major appraisal methods?
This is the most common method, in which appraisers value a property based on the recent sales prices of similar...
Is a low appraisal good for buyer?
A low valuation could be very good for you as a homebuyer if the seller decides to lower the price to match the...
Which is higher appraisal or market value?
When evaluating the worth of a property, two terms often come into play: appraisal value and market value. Both are...
Do you want your appraisal to be high or low?
When an appraisal is high, it can indicate a fairly strong housing market and when it is low it can indicate a faltering...
What is the most accurate appraisal method?
The cost approach can be used to appraise all types of improved properties. It is the most reliable approach to valuing...
Do most appraisals come in at purchase price?
It has long been known that lender appraisals, that is, appraisals ordered by lenders to verify the value of homes, are...
