Tag: Home Appraisal

Cost approach: The cost a buyer would pay for a property should be equivalent to the cost of building a similar structure.&nbsp;
Sales comparison: Property value is determined by comparing similar local properties in a similar real estate market.&nbsp;
Income approach: Investors estimate the income a property could potentially bring in to see if it’s worth funding.&nbsp;

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than Lakes Area Realty are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Lakes Area Realty is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Lakes Area Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Lakes Area Realty is Licensed In and Serves Minnesota.