Curious about how appraisers reconcile value?
After completing a pre listing appraisal assignment recently the homeowner asked me a question. He was interested in how I came up with the value I did given the range that the sales provided.
Being able to explain the appraisal process to help inform and educate the public is one skill that they don’t tell you about when taking your basic appraisal courses. Over the years this is a part of my job that I have come to enjoy.
I explained to him how appraisers reconcile value and the many factors that are taken into consideration. Today I’m going to share with you what I told him about everything that goes into reconciling a final opinion of value. Read More...