{"id":208521,"date":"2023-12-15T03:16:57","date_gmt":"2023-12-15T03:16:57","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/who-determines-fair-market-value-of-property\/"},"modified":"2023-12-15T03:16:57","modified_gmt":"2023-12-15T03:16:57","slug":"who-determines-fair-market-value-of-property","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/who-determines-fair-market-value-of-property\/","title":{"rendered":"Who determines fair market value of property?"},"content":{"rendered":"

When it comes to determining the fair market value of a property, it is important to know who has the authority to make this assessment. **The answer is that a licensed appraiser is the one who determines the fair market value of a property.**<\/p>\n

An appraiser is a trained professional who has the expertise to evaluate various factors that can affect the value of a property. These factors include the location of the property, its size, condition, age, and any recent sales of comparable properties in the area. The appraiser’s evaluation is based on their knowledge of the real estate market and their analysis of the property.<\/p>\n

Appraisers are required to adhere to a strict code of ethics and professional standards set by regulatory organizations. This ensures that their assessment is unbiased and accurate, providing a fair market value for the property in question.<\/p>\n

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