Ways In Which A West Palm Beach Property Appraiser Calculates Home Value
There are specific ways in which a real estate appraiser will determine the market value of your home. To calculate the actual market value the appraiser requires several relevant information and data. From this information, the value of a residential or a commercial property is evaluated by following the most common method that is known as the Comparable Sales Price Approach. It is required to use all available market data of all similar homes that may have sold in the last six months in a certain distance from your home. Use Latest Data Usually, no West Palm Beach Property Appraiser will use any old data. They will rely on data that are not more than six months old. This is due to the fact that older the data the less accurate will be the calculation which is essentially based on the current and prevailing market rate. Ideally, reliable appraisers will insist and work on values and data that are not more than three months old, less the better. Also, the appraiser will r