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market value: Market Value or Salvage Value - 08/22/09 08:04 PM
Market Value or Salvage Value Doe's Your Appraiser Know the Difference
Market Value or Salvage Value Doe's Your Appraiser Know the Difference? Market Value or Salvage Value Doe's Your Appraiser Know the Difference? A definition of market value as stated in the glossary of the most recent edition of the Uniform Standards of Professional Appraisal Practice is "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in … (0 comments)
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market value: Market Value or Salvage Value - 08/22/09 07:59 PM
Market Value or Salvage Value Doe's Your Appraiser Know the Difference
Market Value or Salvage Value Doe's Your Appraiser Know the Difference? Market Value or Salvage Value Doe's Your Appraiser Know the Difference? A definition of market value as stated in the glossary of the most recent edition of the Uniform Standards of Professional Appraisal Practice is "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in … (0 comments)
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market value: The Key to a Good Market Value Appraisal Is. . . - 01/27/09 05:35 PM
The key to a good market valuation is use of good comparable market transactions (armslength transactions.) Too many appraisers today are still using REO and other non-armslength sales as comparables for sales and refinance transactions. This has lead to an unnecessary excellerated decline in property values. I was recently asked by an MAI, Appraisal Institute Member if I had changed my mind now that half of all transactions were REO sales. My response was, have they changed the defination of Market Value?
The defination of market value is clearely defined, and has not changed. if you have issues with a valuation … (0 comments)
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Commercial Appraiser
Los Angeles,
CA
More about me…
The Harris Company, Commercial Appraiser
Address: Commercial Appraiser, Commercial Appraiser, Los Angeles, CA, 90045
Office Phone: (310) 337-1973
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