Real Estate: Let us now appraise appraisers and appraisals
Appraisers are being punched up in the courts and the press for not always providing honest real-estate valuations. What’s going on? What exactly do appraisers do? An appraiser forms an opinion of a property’s current Fair Market Value (FMV) by judging its attributes in relation to recent selling prices of nearby comparable properties.
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February 7, 2008 