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Should appraised value be arbitrary?  Is location important in value?

Should appraised value be arbitrary?  Is location important in value?

by | Sep 30, 2020 | Property Valuation, Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation, Residential hard money, residential lending valuation

There is a new legislative proposal to radically alter the appraisal industry.  Should the use of comparables be arbitrary when establishing appraised value?  Do appraisers need to better “appreciate” a neighborhood (what does this even mean?)  Should an appraiser use...