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Search results with tag "Approaches to value"

Understanding the Appraisal - Appraisal Institute

Understanding the Appraisal - Appraisal Institute

www.appraisalinstitute.org

value in their analyses. Approaches to Value Participants in the real estate market commonly think of value in three ways: • The current cost of reproducing or replacing a building, minus an estimate for depreciation, plus the value of the land (and entrepreneurial incentive, if applicable) • The value indicated by recent sales of comparable

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