Monthly Archives: December 2012

Are Appraisals Just an Average of Sales?

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On two separate occasions within the last several weeks I have ran across instances where real estate professionals have made the statement that the value appraisers come up with is just the average of sales. Have you heard this, or is this what you think? This could not be further from the truth, so IOn two separate occasions within the last several weeks I have ran across instances where real estate professionals have made the statement that the value appraisers come up with is just the average of sales. Have you heard this, or is this what you think? This could not be further from the truth, so I felt it necessary to explain how appraisers come up with their final value estimate in an