Appraisal

An appraisal is usually required when real estate is sold. An appraisal is an estimate, not a determination, of value. Three approaches are used to estimate market value of a property: the direct sales comparison approach, the cost approach, and the income approach. The cost of an appraisal varies depending on the firm or company performing the appraisal and the property type. $250 to $350 is common.

Mark as helpful. 0

Posted in: Appraisal