Suppose you are a residential appraiser and you are contacted by a homeowner who wants to find the value of their residence.

• What type of appraisal method should you use and why?
• What types of issues may come up in an appraisal?

A home received an appraisal last year of $600K. Two years later, the owner is ready to sell. Home prices in the area are up 12%.

• What is the current value of the home?
• How would you go about determining the increase in value?