The appraiser has to think about the way that most buyers usually buy that type of property. What appraisal method do most buyers themselves use for the type of property being valued? This generally guides the appraiser's thinking on the best valuation method, in conjunction with the available data. For instance, appraisals of properties that are typically purchased by investors (e.g., skyscrapers) may give greater weight to the income approach. On the other hand, small retail or office properties, often purchased by owner-users, may give greater weighting to the sales comparison approach. While this may seem simple, it is not always obvious.
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A real estate appraiser can find out any adverse factors that may exist,such as airport noise, proximity to adverse conditions, external Obsolescence, etc. that may effect a location, prior to making a life changing move.
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