RECONCILIATION of the PROPERTY FACTOR Form

Instructions and help about RECONCILIATION OF THE PROPERTY FACTOR

one of the challenges a real estate appraiser is going to face is getting multiple values through the sales comparison method the cost method and the income approach to an appraisal when the appraisals are concluded this means there has to be a method for determining which of the three values are the most accurate this is done using a process called reconciliation what is reconciliation reconciliation is considered the final step in reaching a market value after the appraisal process the appraiser will take the three values reached and reconcile the numbers by applying their best judgment and experience the appraiser will make a determination of the market value based on the approach that is most appropriate for the property that's being appraised here is how the reconciliation process works the appraiser is go to review all information obtained in the appraisal process and take specific action to ensure the information is valid the appraiser will review the information accuracy and ap