Flashcards in Appraisal Deck (10):
Which of the following is an appraisal?
An estimate of value
Which of the following represents external obsolescence?
Loss of value due to changes is the neighborhood.
When appeasing a commercial property, the appraiser is most concerned with:
Net annual income
The sales comparison approach is most important in estimating the value of a/an:
The income approach is most important in estimating the value of a/an:
The first step in the appraisal process should be to:
Determine the objective or problem.
Capitalization is a process to:
Convert income into present value.
Loss of value due to the property being unsuitably located is known as:
In Appraising older structures, consideration must be given to: