Market value also presupposes an arma#39;s-length transaction, defined as one between relative strangers, each trying to do the best for himself or herself. ... Market value is an estimate based on an analysis of comparable sales and other pertinent market data. ... Functional obsolescence Real estate is usually appraised using one of three different approaches: cost approach, income capitalization approachanbsp;...
|Title||:||Modern Real Estate Practice in New York|
|Author||:||Edith Lank, Judith Deickler, William Jay Lippman|
|Publisher||:||Dearborn Trade Publishing - 2001|