Appraisers do not determine value. Rather the market determines the prices paid for properties and appraisers develop values based on those reported market prices. This article rfrom the Appraisal Journal discusses the challenges appraisers face in valuing high performance houses when there is a lack of market data and when the available data is imprecise.
Open and read the article (PDF):
Valuing Canada’s Future A First-of-Its-Kind Virtual Canadian Assessment Associations Summit Proudly brought to you by the Institute of Municipal Assessors (IMA), Alberta Assessors’ Association (AAA), Association
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