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What if there are no Good Sales Comparisons?

07/01/2019 1:30 PM | Deleted user

In Vermont it can be very difficult to find good sales comparisons for high performance homes. Many of our highest performing homes are custom built and are not the type of arm’s length sales transaction needed for a sales comparison analysis.

There are three primary methods of appraisal in an appraiser’s tool box:

  • Sales Comparison Approach (or Market Approach)
  • Cost Approach
  • Income Capitalization Approach

To appraise high performance homes appropriately, the appraiser needs data that enables them to use all three methods of appraisal.

Sales Comparison Approach (or Market Approach)

Most common method used as it is required by Fannie Mae, Freddie Mac, FHA, etc.

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