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Take a look at an actual appraisal document[0] for clues into what impacts a home's market value. The key is in selecting the 'Comps', homes that have sold rece
by 11thEarlOfMar 9y ago
Take a look at an actual appraisal document[0] for clues into what impacts a home's market value. The key is in selecting the 'Comps', homes that have sold recently and which are materially comparable to the home under appraisal.
Other random attributes that adjust the appraisal:
- Does the home have a view? Of what?
- What is the quality of construction?
- Garage or Carport?
- Pool?
- basement?
There are many variables, least of which is how active the market is today.
[0] http://sacramentoappraisalblog.com/tag/reading-the-appraisal-report/ http://sacramentoappraisalblog.com/tag/reading-the-appraisal...