Determine your property's estimated value: An online home evaluation can give you a rough estimate of your property's worth based on recent sales of similar properties in your area, current market trends, and other factors.
Determine your property's estimated value: An online home evaluation can give you a rough estimate of your property's worth based on recent sales of similar properties in your area, current market trends, and other factors.
Comparative Market Analysis (CMA): This type of evaluation is typically conducted by a real estate agent, who compares the property to similar properties that have recently sold in the area. A CMA provides an estimated value of the property based on the current market conditions.
Full Appraisal: This appraisal practice has recognized that there are three main methods of appraisal, namely the Comparison Approach, the Income Capitalization Approach, and the Cost Approach.This is the most comprehensive type of evaluation, which involves a physical inspection of the property. A licensed professional who determines the value of a property based on its condition, location, and comparable sales data in the area.