Why Property Appraisal Differences Happen: Understanding Value Variations
Property appraisal differences are normal because an appraisal is an opinion of value, not a statement of fact. Variations arise from two main sources: 1. Factual Disparities, such as disagreements on the property’s size or age, different effective dates of value, or even different definitions of value (e.g., market value vs. insurable value), and 2. […]