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Article: Appraisal Institute releases Real Estate Damages, 2nd edition.(Appraisal Institute News)
- Article from:
- Valuation Insights & Perspectives
- Article date:
- June 22, 2008
CopyrightCOPYRIGHT 2008 The Appraisal Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Appraisal Institute has released the second edition of its text that covers the valuation of property subject to detrimental conditions. Real Estate Damages: Applied Economics and Detrimental Conditions, by Randall Bell, MAI, Orell C. Anderson, MAI, and Michael V. Sanders, MAI, SRA, provides a framework for studying the vast number of detrimental conditions that can affect properties.
To accurately value real estate, one must be able to monitor and interpret the actions and perceptions of market participants. When the real estate in question is damaged or impaired, this analysis can become quite complex. Although the appraisal of damaged properties brings up ...