CAD vs. Residential Appraisals: Why You Should Always Choose a State Certified Appraiser
Hey there, homeowners and future buyers in Conroe, TX! Today, we're diving into the world of appraisals—specifically comparing CAD (Central Appraisal District) appraisals, also known as mass appraisals, and individual residential appraisals conducted by state-certified appraisers. Understanding these differences can make a significant impact on your real estate decisions. So, let’s break it down in a fun and informative way! CAD Appraisals (Mass Appraisals) What Are They? CAD appraisals are conducted by the local Central Appraisal District and are primarily used for property tax assessments. These appraisals evaluate large numbers of properties at once using standardized methods and data models. How They Work: Data Collection: CADs gather data from property records, sales, and market trends. Standardization: Properties are grouped by characteristics like location, size, and age. Computer Models: Automated systems generate values based on collected data and standard criteria. P...