Comments on: Like Type Properties https://appraisersblogs.com/appraisal/like-type-properties/ Appraisal News and Tips for Real Estate Appraisers Thu, 20 Oct 2022 19:17:51 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Baggins https://appraisersblogs.com/appraisal/like-type-properties/#comment-11253 Fri, 25 Jul 2014 14:53:38 +0000 http://appraisersblogs.com/?p=6368#comment-11253 Good article. I’ve been arguing with a few appraisers lately regarding the merits of market caps via unit of value measurements. It’s the utilization of automated tools that bring about much of the discrepancies from price to value. I’m not a big supporter of automatic valuation methods, because I don’t think trending should always be applied in a forward manner in the grid, as appraisers should be recognizing current market caps for unit of value measurements. This scenario sounds like one where the cost approach may have been utilized, and would have indicated a cost to build figure which may have been higher than the market value approach which capped valuation via existing market unit of measurements.

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