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Appraisal Methods

The definition for Appraisal Methods:

Generally, three major methods of appraisal: Cost Approach, Income Approach, Market Value (comparables) Approach.




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Appraisal

Appraisal
An opinion of value based upon a factual analysis. Legally, an estimation of value by two disinterested persons of suitable qualifications.


Joint Appraisal

Joint Appraisal
An appraisal by more than one appraiser, but one which states common conclusions of all.




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