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  2. How much does a home appraisal cost? - AOL

    www.aol.com/finance/much-does-home-appraisal...

    How much does a home appraisal cost? The typical price for a single-family home appraisal is $500, according to a 2023 survey by the National Association of Realtors. The survey found that this ...

  3. Comparables - Wikipedia

    en.wikipedia.org/wiki/Comparables

    Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...

  4. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    In the United States, mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report. [24] Appraisals of more commercial properties (e.g., income-producing, raw land) are often reported in narrative format and completed by a Certified General Appraiser.

  5. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now $195,000) would not exceed the existing value as a residence.

  6. The truth about no-appraisal home equity loans: What ... - AOL

    www.aol.com/finance/what-is-a-no-appraisal-home...

    We take a closer look at no-appraisal home equity loans — and whether you need a traditional appraisal at all. ... Cost. $300 to $700 — often paid by the lender, if you meet certain conditions ...

  7. Sales comparison approach - Wikipedia

    en.wikipedia.org/wiki/Sales_comparison_approach

    The Appraisal of Real Estate, 12th Edition, by the Appraisal Institute is an industry-recognized textbook. The Uniform Standards of Professional Appraisal Practice , by The Appraisal Foundation, updated and published annually through the 2006 edition; henceforth, updated editions are to appear biannually.

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