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In such cases, an appraisal plays a pivotal role in determining the fair marketvalue of the property being taken. The Role of the Appraiser in Condemnation An appraiser is tasked with determining the fair marketvalue of the property. How is Fair MarketValue Determined? Why Would a Property be Condemned?
FAIR MARKETVALUE VS. MARKETVALUE In the situation of an estate distribution, the appraisal report is written to determine Fair MarketValue, which is slightly different from MarketValue. It is not used for forced sale or bankruptcy situations.
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