Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference
ValuePros Appraisal Services
AUGUST 23, 2023
It takes into account factors such as age, condition, and quality of the item. – It considers depreciation, quality, and condition of the item. – It is typically used for insurance purposes to ensure adequate coverage. – It takes into consideration supply and demand, condition, age, and provenance.
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