Tag: Home Appraisals

Cost approach: The cost a buyer would pay for a property should be equivalent to the cost of building a similar structure.&nbsp;
Sales comparison: Property value is determined by comparing similar local properties in a similar real estate market.&nbsp;
Income approach: Investors estimate the income a property could potentially bring in to see if it’s worth funding.&nbsp;

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange/Broker Reciprocity Program of Rhode Island Association of REALTORS® & State-Wide MLS . Real estate listings held by brokerage firms other than Right Choice Realty LLC are marked with the Internet Data Exchange/Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is deemed reliable but is not guaranteed. © 2024 Rhode Island Association of REALTORS® & State-Wide MLS. All rights reserved. Updated: 12/23/2024 08:27 PM