Valuation, Evaluation, Appraisal
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7 Terms
1
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The price at which a willing buyer and a willing seller would strike a deal given normal market conditions
Market value
2
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The price a property is worth to its current owner as currently enjoyed
Value in use
3
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An opinion of value using totally objective criteria
Valuation, appraisal
4
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A study of a property that does not necessarily return a price or value
Evaluation
5
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The cost of replacing a building in case of a total loss
Insured value
6
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The return of funds invested
Investment value
7
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The price a lender believes the property will bring at a foreclosure sale
Mortgage value
Note 
Flashcards (87)