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Comment by DennisP

A long time ago I got a real estate appraiser's license. Here is the procedure for appraising real estate, as taught by my state:

1) Pick three homes that you feel are comparable.

2) Pick out the material differences between those homes and your client's

3) Make up a value for each of those differences, and adjust accordingly

(Unofficially speaking) If you don't like the number you come up with, just make different decisions in steps 1-3 until you get the number you want.

parent DennisP 10 years ago

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