Appraisal Flashcards
1
Q
Sales Comparison Method
A
Comps for sold properties
2
Q
Cost Approach
A
What would it cost to build this place brand new and then adjust to actual condition of place -> when there aren’t comps mostly for public buildings
3
Q
Income Approach
A
Used for income properties by investors
Value based amount of income it will make
4
Q
Reproduction Cost
A
Reproduce to what it was
5
Q
Replacement Cost
A
Rebuild property with modern amenities
6
Q
Square Foot Method
A
Cost per square foot
7
Q
Quantity survey method
A
Go out and find out its going to take to replace
8
Q
Index method
A
Tie value of property to some sort of index
9
Q
Appraisal Reconciliation
A
Appraiser is supposed to use different methods and then even them out
