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They obviously also appraise new construction homes as well as existing homes, and can do it for a home listing, before or after a sale. They use the local MLS Multiple Listing Service to gather data on sales and listings and use them to professionally tell you what the price per square foot should be for your home and others in your area.
Treasurer & Tax Collector Offices in Carter County, Kentucky
They also can determine if there's any effect on the value of your home from pending foreclosures, REOs, and other "short sales" in Carter County. A licensed and certified appraiser's estimates of value on residential single family homes, condos, townhouses and more are much better than what you'll find when using an AVM automated valuation model or a BPO Broker Price Opinion. These appraisers also perform valuations on commercial property ranging from single to multiple tenant office buildings, shopping centers, retail, industrial, malls, hospitals, health care facilities, warehouses, and hotels to multi-family apartment buildings, co-ops, senior housing, condominium developments, and even vacant land, agricultural, and golf courses.
Regardless of the property type or local zoning, they'll determine the highest and best use of the project and assess the value using the actual or projected cash flow from the property's rent roll and financial statements, using both cap rates for capitalizing year one net operating income NOI and discounted cash flow DCF of multiple future income streams.