Month: March 2024

The core foundation of the sales comparison approach to real estate appraisals is the quality of the comparables used and adjustments made to those comparables to arrive at a value for the subject property. In previous articles in this series we discussed two major topics – understanding the characteristic similarity […]

There are many steps in the process of reviewing appraisals and our focus in this series of articles is the comparable analysis step to validate the sales comparison approach. This is the second article which is going to delve into the validation of comparable adjustments. Please check out the earlier […]

The standards of real estate appraisal in the US includes 3 major methods for appraising the value of a real estate property – sales comparison approach, cost approach, and the income approach. Of the three the sales comparison approach is most commonly used for appraisals and is also included in […]