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Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall marketvalue trend for a 12-month period increased by 7%.
A qualified appraiser will compare recent sales of similar localproperties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair marketvalue. Because there are so many different parties involved in the closing transaction, communication is key.
allow a commercial broker to counsel a client on commercial real estate investment matters, such as goals, alternatives, resources, constraints, and timing; Question 4: How accurate are commercial real estate appraisals? Marketvalue is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller.
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