Suppose you are a residential appraiser and you are contacted by a homeowner who wants to find
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Question:
Suppose you are a residential appraiser and you are contacted by a homeowner who wants to find the value of their residence.
- What type of appraisal method should you use and why?
- What types of issues may come up in an appraisal?
A home received an appraisal last year of $600K. Two years later, the owner is ready to sell. Home prices in the area are up 12%.
- What is the current value of the home?
- How would you go about determining the increase in value?
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