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| The object of an appraisal is to know the value of a property, that is, to anticipate oneself to the economic value at which both sides will close the real estate transaction. The best way to find the happy medium between the bid and the amount demanded is to start with the information already known and the interpretation of this data. This is how we will find the market value to give a precise appraisal. |
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| To achieve this we not only have to consider the prices of the properties on sale but also we should look at the value of the properties already sold , as the real value to which the market adjusts itself. |
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| Other factors to be considered when doing an appraisal, aside from the square meters we should include location , the way the house faces (North, South, etc), the surroundings, age of the house, quality of the construction, upkeep, etc. |
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