Chapter 20-Appraisal -Summary

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Summary of Key Concepts in Real Estate 20.1. Market Value, Market Price, and Cost Market Value: The estimated price a property would sell for in a competitive market, influenced by market conditions, location, property features, and comparable sales. Market Price: The actual amount a property sells for, which can differ from market value due to […]

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1-Market value v. Market Price v Cost-Chapter 202-Appraisal Concepts and Principles of Value-Chapter 20