When a fee appraiser values property for financing or other purposes, property owners receive an appraisal consisting of three sales that indicate the market value. The sales selected are generally similar in design type, size, age, garage type and size, basement type and size and within the immediate location of your property. In addition, the sales have all occurred within a time frame of one to three months. Adjustments are made to the sales, either positive, negative or none, based on differences with your property. An indicated market value as of that date is given.