The housing crisis of 2007 and the regulations of the Dodd-Frank Act have brought about stricter oversight in the residential mortgage lending world. This has resulted in every aspect of the appraiser’s work to be scrutinized. The heaviest relied upon indicator of value is the Sales Comparison Approach. Although simple in concept and supporting economic principles the actual performance is quite complex. This text is designed to unlock the mysteries of how the analysis and market support can be obtained when adjustments are necessary.
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