interior. If the agent has access to the interior of your home, you will obtain a more in-depth and accurate evaluation. No matter your circumstances, you’ll obviously want top dollar from the sale of your home. Therefore, it is crucial to get a reliable evaluation generated by a Realtor®, who will stand by his/her assessment throughout the sale process.
THE COST APPROACH
The cost approach is based upon what it would cost to reproduce your home new, minus depreciation and obsolescence. Would any person buy the property for a cost greater than the value of the land and a structure with equal appeal? You most likely would not, so don't expect prospective buyers to feel differently.
PROFESSIONAL APPRAISAL
A professional appraisal for the valuation of marital property is required when a court is dividing the couple’s assets. This, in my opinion is the most accurate method of assessing true value. Appraisers go through numerous courses to earn their certifications in this specialty area, and given that this is what they do on a day to day basis, they are considered to be experts at defining and justifying value. Some states require a judge to independently determine the fair market value. There are some circumstances in which a judge may consider information provided by a spouse, but this is case by case, so don't count on this happening. You should understand that when a valuation is determined, it may not include latent cost-related issues. If there are plumbing problems under the foundation or the structure has been compromised by a termite infestation, these situations will affect the sale price. It is advisable to have a home inspection conducted in an all-encompassing examination of the condition of the home
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