APPRAISALS
Our appraisals employ a weighted methodology of industry leading appraisal standards. Leveraging our comprehensive market-wide database, REID Appraisals are backed with the most up-to-date data to provide buyers and sellers with the most accurate price guidelines.
COMPARATIVE MARKET ANALYSIS (CMA)
Comparative Market Analysis (CMA) estimates the value of a property by comparing it to similar properties. This analysis considers factors like location, size, age, condition, and features of the properties to determine a fair market value.
COMPARATIVE SALES ANALYSIS (CSA)
Sales Comparison Approach (SCA), analyzes the sale prices of similar properties to estimate the subject property’s price. It compares recently sold properties with similar characteristics such as size, condition, location, and features to arrive at a fair market price.
COST ANALYSIS
Cost Analysis equates a property’s value to the cost of constructing a new equivalent property, plus land value. It consists of estimating the land value and calculating the current cost to construct the building to determine the inherent property value.
REPORT CONTENTS
Our appraisals provide clear and comprehensive data on all aspects of property valuation, packaged for your information. Our final reports include:
Neighborhood Supply
Market Pricing
Sales Performance
Price Distribution
Market Property Information
Market Rental Performance
Appraisal value
Pricing recommendation
EXAMPLE DATA
