Why can construction cost, sale price, and market value all be different?
Staff Q&A from the 63Hours team.
Course Q&A
Ask clear questions about the Florida real estate course and learn from course-specific answers.
This question has been flagged
1
Reply
0
Views
Cost is what was spent, price is what a particular buyer paid, and value is an opinion of worth under stated conditions. An expensive improvement does not force the market to repay its cost. The appraisal lessons separate these ideas so you do not assume a receipt or an asking price automatically establishes market value.
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
1 | ||
|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
0 | ||
|
|
1
Sep 26
|
1 |
Discussion prompt: Which figure is historical expenditure, and which is an opinion of worth?