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URL:https://www.learndesk.us/class/5224100152737792/lesson/4b157194867473384035fd4dd8c565d2?ref=outlook-calendar
SUMMARY:Estimating Property Value Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5224100152737792/lesson/4b157194867473384035fd4dd8c565d2?ref=outlook-calendar
DESCRIPTION: CONCEPTS OF VALUE
Basic value determinants
● supply: goods or services available for sale, lease, or trade ● demand: goods or services desired for purchase, lease, or trade ● price mechanism: the quantified value of an exchange ● value components: desire; utility; scarcity; purchasing power
Valuation principles
● anticipation, substitution, contribution, change, highest and best use, conformity, supply, demand, progression, regression, assemblage, subdivision, utility, transferability
DEFINING MARKET VALUE
opinion of the price that a willing seller and willing buyer would probably agree on for a property at a given time conditions for market value: must be cash equivalent; sufficiently exposed to market; knowledgeable principals; no duress; arm’s length conditions
ESTIMATING RESIDENTIAL PROPERTY VALUE
● most commonly used; relies on principles of substitution and contribution
Steps in the approach
● compare sale prices, and adjust comparables to account for differences with...

https://www.learndesk.us/class/5224100152737792/lesson/4b157194867473384035fd4dd8c565d2?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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