Section 12: Property Valuation in CA Flashcards
1
Q
Market value
A
price at which a willing buyer and a willing seller would strike a deal given normal market conditions
2
Q
Value in use
A
price a property is worth to its current owner as currently enjoyed
3
Q
Valuation/Appraisal
A
an opinion of value using completely objective criteria
4
Q
Evaluation
A
a study of a property that does not necessarily return a price or value
5
Q
Insured value
A
the cost of replacing a building in case of a total loss
6
Q
Investment value
A
the amount for the return of funds invested
7
Q
Mortgage value
A
the price a lender believes the property will bring at a foreclosure sale
8
Q
A
