Appraisal Vocab Part 1

An opinion of value based on supportable evidence and approved methods is a(n)

The most proiftable single use to which property may legally, physically, and financially be put

Value is created when a property is in harmony with its surroundings. This is an appraisal principle called...

Value is created when certain events are expected to occur. This is an appraisal principle called...

The most probable amount that a property should sell for today

A way an appraiser estimates current market value based on amount of income generated

Physical and/or economical conditions do not remain the same. This principle is called

An independent professional who is trained to provide an unbiased estimate of value is a(n)

When any part of a property is measured by its effect on the value of the whole property it is called the principle of..

Merging two separate lots is called