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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (14826)	11/5/2003 10:53:29 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Marginmike....I understand your point, I think. A property can be valued by an appraiser using three different methods with three different objectives--replacement value, rental value, or market value. (I might not have all three worded precisely right, because it's been a while since I took my appraisal course, but you get the point I hope). Homes are generally appraised, however, solely on market value. No other method of valuation really applies, because the market of buyers is the only market that counts when it's time to buy or sell.