Which part of an appraisal report addresses factors that attract or repel buyers?

The neighborhood description section of an appraisal report is designed to provide a comprehensive overview of the area surrounding the property. This includes details about the local environment, amenities, and characteristics that can significantly influence buyer interest. Factors such as the quality of nearby schools, the presence of parks, safety statistics, and even the overall aesthetic appeal of the neighborhood contribute to whether buyers are attracted to or repelled from a property.

This section not only outlines the physical and social aspects of the community but also discusses any aspects that may affect desirability, such as proximity to commercial areas or traffic patterns. By effectively including these elements, the neighborhood description helps appraisers convey the property's context within the broader marketplace, ultimately impacting its valuation.