Basic Appraisal Procedures/Steps

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Basic Appraisal Procedures/Steps- With 100% Correct Solutions.

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Basic Appraisal Procedures/Steps- With 100% Correct Solutions. 8 Steps in the Valuation Process 1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within -Identification and location o...

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