Tag: Home Appraisals

Cost approach: The cost a buyer would pay for a property should be equivalent to the cost of building a similar structure.&nbsp;
Sales comparison: Property value is determined by comparing similar local properties in a similar real estate market.&nbsp;
Income approach: Investors estimate the income a property could potentially bring in to see if it’s worth funding.&nbsp;

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS. Based on information provided to and compiled by SmartMLS. Data last updated: 04/26/2024 11:42 PM