The __ value of a parcel of real estate is the most probable price a property should bring in a competitive market.
The increased utility and value resulting from the combining of adjacent lots into one larger lot is the principle of __ value.
Generally, an appraisal is not conducted on a property until after a __ is received from a buyer.
The __ approach to value is based on the property's reproduction cost.
__ refers to any condition that adversely diminishes the value of an improvement to real property.
This principle holds that value can increase or decrease in __ of some future benefit or detriment affecting the property.
To have monetary worth based on desirability.
In the sales __ approach an indicated value is obtained by comparing the subject property with recently sold comparable properties.
The relative ease with which ownership rights are transferred from one person to another.
The value of a property will __ if the supply decreases.
A/An __ is a property that was previously purchased by a financial institution at a foreclosure auction.
__ is the act or process of developing an opinion of value.
A Comparative Market Analysis should include homes that have sold within the past __ months in the same neighborhood.
A finite supply.
Verticales
To arrive at an accurate opinion of value, __ basic approaches or techniques are traditionally used by appraisers.
Effective __ is the need or desire for possession or ownership backed by the financial means to satisfy that need.
No physical or economic condition remains __.
__ uses gross monthly income and applies primarily
to residential properties.
The principle of __ states that influences outside a property may have a positive or negative effect on its value.
__ obsolescence is caused by a relative loss of building utility.
__ value is realized if the use of land conforms to existing neighborhood standards.
__ obsolescence is caused by factors not on the subject property and is incurable.
Comparative Market Analysis
The capacity to satisfy human needs and desires.
Uniform Residential Appraisal Report
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