The owner of a garden center wishes to sell the property to his nephew. The nephew...
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The owner of a garden center wishes to sell the property to his nephew. The nephew has come to a bank to borrow 80% of the purchase price. The property is a unique property with no truly comparables sales in town. The loan officer has given the appraiser 5 years of income and expense statements of the nursery. The appraiser believes the income approach, based on the income and expense statement provided, is the appropriate approach. If the assignment is to value only the real estate, what other value may be included in the income approach? A) Real estate B) Market C) Intangible D) Building The owner of a garden center wishes to sell the property to his nephew. The nephew has come to a bank to borrow 80% of the purchase price. The property is a unique property with no truly comparables sales in town. The loan officer has given the appraiser 5 years of income and expense statements of the nursery. The appraiser believes the income approach, based on the income and expense statement provided, is the appropriate approach. If the assignment is to value only the real estate, what other value may be included in the income approach? A) Real estate B) Market C) Intangible D) Building
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The income approach to real estate valuation is a method that estimates the value of a property ... View the full answer
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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