Exclusive report reveals top secrets in property valuation

Valuation Methods

Several methods are used to appraise property value, each with its unique approach. The comparative market analysis (CMA) is commonly used by real estate agents to estimate property value based on recent sales of similar properties. The income approach is often used for investment properties, focusing on the potential income the property can generate. The cost approach considers the cost to rebuild the property from scratch, factoring in depreciation.