Tag: Home Appraisal

Cost approach: The cost a buyer would pay for a property should be equivalent to the cost of building a similar structure.&nbsp;
Sales comparison: Property value is determined by comparing similar local properties in a similar real estate market.&nbsp;
Income approach: Investors estimate the income a property could potentially bring in to see if it’s worth funding.&nbsp;

Provided courtesy of The Coastal Carolinas Association of REALTORS®. © 2024 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Destinations & RE/MAX Southern Shores are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Information last updated on 10/18/2024 06:10 AM.