Hypothetical Conditions Appraisal Implication: What You Need to Know for Smarter Real Estate Decisions
Understanding the implications of hypothetical conditions is pivotal for accurate property valuation. A hypothetical condition in an appraisal scenario presents a unique challenge, as it involves assessing a property’s worth based on a condition that is contrary to reality. This could range from non-existent improvements to conditions that differ from the actual state of the…