Several factors can negatively affect a home appraisal, potentially lowering the property’s assessed value: Location Issues: Homes located in areas with high crime rates, poorly rated schools, or declining market
An appraisal in real estate is an objective assessment of a property’s fair market value, carried out by a licensed or certified appraiser. This process is usually required during buying,
The three main types of appraisals, particularly in real estate and asset valuation, are: Sales Comparison Approach (Market Approach)This method compares the property or asset being appraised to similar properties
