The Town of Weddington, North Carolina is located in Union County, and in the past four years has experianced a tremendous amount of growth. Property Appraisers in Weddington, NC consider the principle of competition that says when the supply of property in the market place is low relative to the demand for such properties, creating excess profits for present property owners, the result is to attract more properties to the market place. If only a few properties are available in Weddington, North Carolina those properties will command a much higher price than if there were many properties for sale.

A real estate appraiser located in Weddington, North Carolina may also consider the principles of conformity, progression and regression. In general, particular in residential areas of single-family houses in Weddington, buildings should follow the principle of conformity; that is, they should be similar in design, construction, age, condition, and market appeal to other homes in the neighborhood.

Nonconformity in Weddington, NC may work to the advantage or disadvantage of the owner of the nonconforming property. A home appraiser in Weddington, North Carolina, describes progression, as “a house that has not been well maintained but is located in a neighborhood of well kept homes will benefit from the overall good impression created by the neighborhood and its probable desirability”. Regression is the exact opposite.