ADMS 3810 Lecture Notes - Lecture 13: Effective Demand, Social Forces

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27 Apr 2018

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ADMS 3810

Lecture 13

Reasons for Appraisal (know 6-8 of them)

• Transfer of ownership

• Financing and Credit

• Just compensation in expropriation

• Tax matters

• Set rental schedules and lease provisions

• Determine feasibility of a construction or renovation

program

• To facilitate corporation or third-party company purchase of

the homes of transferred employees

• The needs of insured, insure and adjuster

• Corporate mergers, issuance of stock, or revision of book

value

• To estimate liquidation value for forced sale or auction

proceedings

• To counsel a client on investment matters, including goals,

alternatives, resources, constraints and timing

• To advise zoning boards, courts and planners, among

others, regarding the probable effects of proposed actions

• To arbitrate between adversaries

• To determine supply and demand trends in a market

• To determine the status of real estate market

Characteristics of Value

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