However, should it be established subsequently that contamination exists at the property, or on any neighbouring land, or that the premises have been or are being put to any contaminative use, this might reduce the values reported.
The three requiredcomparables should be located within a reasonabledistance of the appraised property or be fullyexplained.
The highest and best use would be to remove the improvements. In these instances the reviewer is responsible to obtain the appropriate documents and follow their requirements in the review process. The infrastructure improvements that are being funded with the proposed bond proceeds, therefore, are assumed to be completed. Market Value The most probable price for which a property should sell in a competitive and open market.
If there was no matching functions, do not try to downgrade. The district engineer shall review all contents of proposed Specialty Appraisal Agreement and subsequently approve or reject the proposal. Elaborate on the methods that were accepted and discuss the selection process used to accept the individual valuation methods. The guideline public programs with management policies of limiting conditions of valuation report?
In market value of conditions which might consider. Anticipated public and private improvements, located on or off site should only affect the value if general market actions reflect such anticipation as of the date of the appraisal. Bulk sale value should be applied to both unimproved properties and improved or partially improved but unoccupied properties. The prominent difference between these reporting formats is the level and depth of information and analysis provided in the report. The current use or historic uses of a property can be strong indicators of possible contamination. In capital needed repairs and address the veracity of limiting conditions valuation report and the appraisal? This amount is the leasehold interest.
Comparables should be similar to thesubject property. An appraisal review is an examination and determination by a review appraiser that the form and content of an appraisal conforms to the requirements of law, rule, and this manual. The highest and best use will be determined, appropriate sales will be discovered and compared, and a value conclusion established. No hidden or apparent conditions regarding the subject assets or their ownership are assumed to exist. Individuals should issue no statements to news media without the approval of the ight of ay irector.