Extraordinary Assumption

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January 1, 1 6 min read Definitions
Extraordinary Assumption
Extraordinary Assumption Real Estate Appraisal Property Valuation Hypothetical Condition Absorption Rate Subdivision Appraisal
An extraordinary assumption is an essential presumption made in an appraisal that, if proven false, would render the value opinion erroneous. It is crucial for scenarios where certain hypothetical or uncertain conditions affect the overall appraisal outcome.
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