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As several articles have been published recently in high-profile publications raising questions about the use of AI in appraising, we wanted to take the opportunity to share our company philosophy about this issue. An appraisalreport is a document with potential legal and tax implications. USPAP 2024 Edition, page 12).
Are older stales still relevant in residential appraisalreports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. The answer isn’t as simple as black and white.
Are older stales still relevant in residential appraisalreports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. The answer isn’t as simple as black and white.
My latest article for Worthwhile Magazine™ tackles a tricky area of appraising: understanding the different levels of value. This is one of the most confusing elements of appraising that I spend a lot of time discussing with clients, so I wanted to cover the subject in an article that could reach and help a much broader audience.
Whether you're beginning your appraisal career or pursuing the CAPP designation, these suggestions can help you meet the hour requirement efficiently. You may count the hours you spend preparing and writing your Core Course appraisalreport. dinner or wine). Note: pricing does not count). Research time counts.
This often requires careful analysis of market trends, the availability and reliability of comparable sales, and an understanding of how the property would perform under typical market conditions involving a willing buyer and a willing seller. Sales of comparable properties 3. Cost or selling price 2. Replacement cost 4.
A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. It is for your information only.
Art news headlines are screaming about New York’s blockbuster sales and rising values – the recent Basquiat and Lichtenstein sales are a case in point. When the art market makes news, it is usually about blockbuster sales and record prices, and it gives the impression that the value of artwork only grows over time.
This appraisal plays a significant role in determining how assets, particularly the family home, are divided. This article aims to demystify the process, providing essential insights into why and how a home is appraised during divorce proceedings. Understanding this report can help you during the divorce negotiations.
Selecting the right appraisal professionals can make a world of difference in your real estate transactions, ensuring that you get a fair deal, whether you're buying, selling, or refinancing a property. In this article, we'll delve into the world of appraisal professionals and explore why choosing the right ones is essential.
PART TWO: Before You Call a Professional Appraiser Vincent van Gogh, “Still Life: Vase with Fifteen Sunflowers”, oil on canvas, Approx. 40 x 30 inches How do I determine if my art is worth appraising? Fine print sales are also included in the Artprice database.
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