Appraisal - Influences On Real Estate Value

Question 1

Real Estate Value (Vital Characteristic)

Answer 1

D:Demand (lots of offer)
U-Utility (adequate site area)
S-Scarcity(undersupply of real estate)
T-Transferability (e.g. deed restriction)

Question 2

Radon

Answer 2

Naturally- occurring dangerous gas 氡

Internal environmental condition

Question 3

Real Estate Value (Forces)

Answer 3

P - Physical (e.g. environmental: toxic waste, climate, water, topography,*MOLD)
G- Governmental
E- Economic (traffic)
S- Social (Demographic)

Question 4

Neighborhood Life Cycle

Answer 4

Growth
Revitalization - demand increase for primary residencies 復甦
Stability
Decline

Question 5

Gentrification

Answer 5

Form of Revitalization
Rapid revitalization accompanied by displacement of current residents.
下层住宅高档化

Question 6

Balance

Answer 6

State of Supply and Demand

Question 7

Stigmatism

Answer 7

a perception due to something in the past 污名

Question 8

Nuisance

Answer 8

麻煩事Could affect the value of the property if it continues

Something temporary and not having long-term impact (opposite to external obsolescence - incurable)

Question 9

Revitalization

Answer 9

復甦

Question 10

Demand and Supply

Answer 10

Element of broad economic forces

More property available than buyer the price will fall

Question 11

Value characteristic (DUST)
Transferbility

Answer 11

A property will have greater perceived value with fewer restrictions

Question 12

Effective Purchase Power

Answer 12

Building a million $ house in a poverty neighborhood

Question 13

Value Characteristic (DUST)
Utility

Answer 13

Demand

Question 14

Growth

Answer 14

when property values tend to rise as development activity begins and continues