Q1. What's the difference between sales price and value?
Q2. What is a "real" view per appraisal standards? (It's not an ocean view which can only be seen while standing on a toilet!)
Q3. Is there a difference in value between a 3 bedroom vs. 4 bedroom home and why?
Q4. Does the square footage of a detached casita count as part of total Gross Living Area of the main house
Q5. What is the major difference between the way Realtors and appraisers pull comps? What is required for the best possible comp selection in an appraisal?
Q6. If a standard sale home is located in a foreclosure market wherein 50% or more of the homes are foreclosures, would standard sale or foreclosure sales comps be used?
Q7. Why is it important to bracket comps?
Q8. What are appraiser guidelines regarding non-permitted additions? Do they add to value or subtract from value?
Q9. What's the impact of sales concessions on appraised value?
Q10. How are appraisal comps pulled for under- and over-improved properties?
Q11. Why is it importance of functional utility and good floor plan configuration and how does that impact values?
Q12. What is the impact of external obsolescence on value?