Are there different types of appraisals

Yes. There are many different types of appraisals to fit what you are appraising and why you are appraising.

  • Self-contained appraisal report
  • Summary appraisal report
  • Restricted appraisal report
 
What is the direct comparison approach appraisal method PDF Print E-mail

The direct comparison approach is based on the theory that an informed purchaser would pay no more for a property than the cost of acquiring another existing and equivalent property. The value estimate is based on the selling price and listings of comparable properties.

 

 
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