Market value – Desirable versus Available
- Buying an apartment in Israel
- Appraisal and value of an apartment
The theory of real estate appraisals will always remain an estimate and not an exact science, the more data the appraiser has for comparison, the easier it will be for him to achieve accuracy in determining the market value of the apartment.
The more standard the apartment and similar to many other apartments in the area in question, the easier it will be for the appraiser to do the job. The more the appraiser’s opinion is based on a broader and more accurate database, the closer it will come to market value.