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Another house near me sold for $900,000 a year ago when its county appraisal was less than $500,000. And a house in Mission Hills appraised for a bit more than $4 million sold recently for more ...
A modest home in the Butterworth Farms neighborhood of Morris Township, New Jersey turned heads this month when it sold for an eye-popping $255,000 above the asking price, marking a staggering 26% ...
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. 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.
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 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 bathrooms, lot size, age of the ...
Let’s go back to our example above. Say you paid $410,000 for your house when you bought it, but its fair market value has since increased to $440,000. ... If selling prices decreased in your ...
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