Appraisal value, Appraisal value is the market value of an asset that
is
derived from the
appraisal process. Depending on the asset, the method used to
appraise
the asset will differ.
For homes, appraisers often use a method that includes recent sales
data
of comparable homes.
They may also use the replacement method, which is the cost to
replace
the home at today’s
prices.