April 27, 2010
The Cost Approach is the second approach an Appraiser can use in making a determination of value. There are two ways to determine the cost: reproduction cost or replacement cost. Reproduction is the exact replication of the house using the same materials, etc. Replacement is the cost to replace the house using today’s materials, etc less accrued depreciation.
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March 23, 2010
Image by heidigoseek via Flickr More and more, people that are trying to sell their houses are finding that even though they have a nice property, live in a nice area, have reduced their asking price, have good input (either by use of a REA or their diligence as a FSBO) they are still not able [...]
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