Updated almost 4 years ago on . Most recent reply
How to estimate appraisal value
Hi BP friends! I have a question regarding how apprisor adjust home value. Is there a rule of thumb they use to add or minus value by number of room? Bathroom? Fireplace? Living space?
For example, if a house in the same community was sold around 600K but has 2 less bedroom than my house. Consider everything else the same. How much more do i value?
Since there aren’t a lot of comps in the 0.5 radius within 6 month. How far will apprisor go to find comps nowadays? Just trying to understand how are these value number adjusted with current market condition.