3,988,013
The cost approach is not used in my area at all and is just one component to look at. Market approach is what banks and lenders want. So using cost approach alone is not a true indication of value.
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Nina Hollander, Broker
Charlotte, NC
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Julie Larson Realtor® ...
Sarasota, FL
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Ron and Alexandra Seigel
Carpinteria, CA
5,115,152
As a Realtor, I don't appraise... ask an appraiser.
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Richard Weeks
Dallas, TX
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Anthony Acosta - ALLAT...
Atlanta, GA
3,071,489
I'll leave that to an appraiser to explain...
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Anthony Acosta - ALLAT...
Atlanta, GA
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Nina Hollander, Broker
Charlotte, NC
1,625,053
Sorry, I'm not an appraiser, yet, in high end area where I live, it would not be very reliable.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Nina Hollander, Broker
Charlotte, NC
1,712,876
Not that hard if you have the data.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Fred Griffin Florida R...
Tallahassee, FL
6,422,418
Cost approach is what builders pay a lot of attention to.
If they home buyer thinks that it is worth more then there is never a problem.
If the buyer thinks that it is worth less then we have a serious problem.
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Ron and Alexandra Seigel
Carpinteria, CA
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Bob Crane
Stevens Point, WI
2,221,927
I am not an appraiser, could not answer your question.
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Anthony Acosta - ALLAT...
Atlanta, GA
902,238
Researching the current costs to get close to similar quality of items and quality of labor of original costs.
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Anthony Acosta - ALLAT...
Atlanta, GA
4,434,177
An appraiser would have the answer.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,554,227
3,986,308
2,684,769
Rarely used. Maybe by investors, not too many others.
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Anthony Acosta - ALLAT...
Atlanta, GA
5,062,625
Te lenders want the market appraisal value, not cost. See what Ron and Alexandra Seigel have to say
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Anthony Acosta - ALLAT...
Atlanta, GA
5,772,593
Abby,
Market is what matters these day. The cost approach is used for tear downs and investments. A
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Anthony Acosta - ALLAT...
Atlanta, GA
1,045,440
Market approach is what banks and lenders want. So using cost approach alone is not a true indication of value.
4,319,773
abby tiscareno in most residential real estate, cost approach is rarely used.
It is comparable sales approach which is more often used.
809,258
1,506,613
1,242,104
Where there is great variance. For example, East Palo Alto vs Palo Alto land price.
5,583,328
from what I remember, the cost approach is ideal for new construction.... there is too much depreciation with anything older....
1,157,791
This is an excellent question for appraisers. I am not sure how many appraisers frequent this Q&A forum.
3,350,289
Well trained professionals in this field will likely not find this approach to be an issue.
1,466,257
613,494
1,728,556
4,800,132
74,457
1,617,916