Methods Used To Determine Value

An appraiser can use any one of three different approaches in order to determine the value of your property. The three approaches that help determine value are:

  • Sales Comparison Approach

  • Site Valuation and Cost Approach

  • Income Capitalization Approach

All three approaches are different techniques that use different types of market data. Each method also has its strengths and weaknesses depending on the type of property appraised or the purpose of the appraisal. Each method will be described in more detail in a future post.