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Appraisal Terms chapter 16

Stone Real Estate Academy
Horizontales
Land value + cost of improvement - depreciation
When supply is low
Additional value resulting from combining properties
Loss of value to an improvement to real estate because of problems such as: changing taste or poor design is called _______ obsolescence
Supply, transferability, utility and demand
All things being equal
Use other property to add or subtract value
Verticales
Type of appraisal used for rental properties
Too many homes in the marker
process of combining two or more adjoining lots into one larger one
The degree of usefulness effects the level of value
Loss due to adverse changes in enviroment
Maximum value accrues from a use of like kind surroundings
Value place on property by city/county/state