Appraisers trying new techniques in slow market

Real estate appraisers are struggling to find new working methods in this market because not enough transactions are taking place to create comparables. These comparables are how units’ and buildings’ values are most frequently appraised. While both residential and commercial appraisers have been affected, the problem is particularly acute for commercial property. Other techniques appraisers are now trying instead include looking at deals that have fallen through and at buildings’ internal rates of return.