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The estimate of market value should consider the real property’s actual physical condition, existing use and zoning as of the valuation date of the appraiser’s opinion of value. Prospective market value opinions should be based upon current and reasonably expected market conditions. When an appraisal includes prospective market value opinions, there should be a point of reference to the market conditions and time frame on which the appraiser based the analysis.
2014-02-20 12:18 PM
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BMI
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