Appraisal Profession, Appraising, Helpful for Appraisers, Helpful Info For Agents, Summit County Housing Stats

How Can an Appraisal Be “Accurate” If It’s Just an Opinion?

An appraisal is a licensed or certified appraiser's opinion of the value of a property. Since it's just their opinion, what makes it accurate? Can two different opinions be accurate? What questions can be asked to aid in determining whether the appraisal is credible? In this article, I discuss this.