There is a mysterious person working behind the scenes who tells you when you are paying too much for a property. Their title: "THE APPRAISER."
THE APPRAISER uses a combination of math and art to decide your property value. How do they do it?
There are three approaches
- The Sales Comparison Approach
- The Income Approach
- The Replacement Cost Approach
In this video John Stiles gives you an overview of how each of these approaches work.
Should I sell or refinance my apartment building?