RES 450 Week 5 DQ 1 -
Are You Ready to Appraise?
Imagine that you are an appraiser and you have been given your first assignment, which is to appraise a single family home. What is your plan? In 250 - 300 words describe the process you would go through to determine which approach to use in valuation of the property.
What are the three reporting options and how would you decide on the correct reporting option to use?
How will your approach change if the property is a condominium and not a single-family home?