Question: Value is a complex topic because it is partly subjective and partly determined by outside forces. A piece of property will be valued based on

Value is a complex topic because it is partly subjective and partly determined by outside forces. A piece of property will be valued based on its location, improvements, zoning, competition, local employment, and the availability (or lack thereof) of other, similar properties, whether it is residential, commercial, or industrial. Multi-unit developments compete not only with other developments, but also with other units within the same development. Determine all variables that influence multi-unit market analysis.

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