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Appraisal

The definition for Appraisal:

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




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Appraisal Methods

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


Joint Appraisal

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




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