The Three commonest methods of estimating Property Values

The three customary methods Property appraisers use, to assess Property values are:

1. The Comparison Sales Method: The comparison sales method uses recent sale prices of comparative properties of the same size, quality, features and amenities as a benchmark for assessment. Suitable adjustments have to be made for properties sold at unrealistically high or low prices.

2. The Replacement Cost Method: The replacement cost method is based on an assessment of the cost involved in rebuilding the property with construction materials and methods of equivalent quality. The best method of getting such an assessment is through an independent insurance broker attached to an insurance company that covers property insurance.3. Income Method: The income method is used when estimating the value of an income producing property. It is based on the net income potential of the property.

Dale Warfel and Property Assessment

Dale Warfel is a realtor who deals with properties in San Jose neighborhoods. He offers a free comparative market analysis of any Bay Area home. You can fill in the details by clicking on http://dalewarfel.com/Nav.aspx/Page=/HomeValue/Default.aspx. Dale Warfel can be contacted at 408.624.6202. This Bay Area realtor has 13 years of experience in the real estate market, which has made him completely familiar with property price movements in this particular area of California.