Property Valuation
The principle of anticipation in real estate value states that:
ACurrent value reflects past prices
BValue is based on anticipated future benefits from ownership✓ Correct
CProperty values always increase in the future
DBuyers anticipate higher prices and delay purchases
Explanation
The principle of anticipation holds that current value is based on the present worth of anticipated future benefits (income, use, appreciation) from ownership.
Related Alabama Property Valuation Questions
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