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2. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.

3. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...

4. Broker's price opinion - Wikipedia

   en.wikipedia.org/wiki/Broker's_price_opinion

   A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.

5. Refinance appraisal: How it works and what to expect - AOL

   www.aol.com/finance/refinance-appraisal-works...

   An appraisal for a refinance is part of the underwriting process for a new loan. Appraisers look at various factors, including your home’s location and its size, layout and improvements.

6. The Black neighborhood home appraisal gap is real. Can we ...

   www.aol.com/finance/black-neighborhood-home...

   In predominantly Latino neighborhoods, fully 15.4% of homes for sale were appraised at below the sale price, per Freddie Mac. The Black homeownership rate in the first quarter of 2024 was 45.7% ...

7. Sales comparison approach - Wikipedia

   en.wikipedia.org/wiki/Sales_comparison_approach

   Sales comparison approach. The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of ...