Influences on real estate value and the legal considerations in appraisal
Market value.
Marketability.
Market price.
Market stability.
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Intellectual property
Industrial property
Chattel fixtures
Personal property
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There is no compensation necessary in the exercise of eminent domain.
There is no payment involved in condemnation under police power.
One is a power of the public body, and the other is not.
There is no difference.
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Demand, depreciation, scarcity, and utility.
Cost, demand, transferability, and utility.
Cost, feasibility, utility, and scarcity.
Demand, utility, scarcity, and transferability.
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Cut timber
Airspace
Trade fixtures
Jewelry
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Real estate
Real property
Personal property
Anything capable of being owned and gained lawfully
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Individual.
Appraiser.
Assessor.
Broker.
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Intention
Attachment
Relationship
Adaptation
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Between related parties.
In which all involved parties act in their own self-interest.
In which either the buyer or seller is acting under duress.
That includes creative financing or sales concessions.
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Method of attachment
Time of attachment
Adaptability of the item
Relationship of the parties
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The public or governmental restriction
The private deed restrictions
The one that is most restrictive
The one that is least restrictive
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Always a fact, never an opinion.
Not a fact, it is a qualified opinion.
Based on fact and is an unbiased opinion.
Neither a fact nor an opinion.
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Must be disclosed publicly.
Is relevant only to the buyer and seller.
It a fact, whether it is publicly disclosed or retained in private.
Is not related to value.
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Design.
Marketability.
Utility.
Maintenance costs.
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