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The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now $195,000) would not exceed the existing value as a residence.
In a new study, Realtor.com forecasted the American real estate and housing market of 2025 and predicted the 100 markets in America for the coming year. After crunching a complex series of numbers ...
Market value is the most commonly used type of value in real estate appraisal in the United States because it is required for all federally regulated mortgage transactions, and because it has been accepted by US courts as valid. However, real estate appraisers use many other definitions of value in other situations. [5]
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 16 days ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
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Data-driven approach helps people sell for more money - VentureBeat