Property Valuation
The term 'as-is value' in an appraisal refers to:
AA. The value that assumes all needed repairs have been made
BB. The market value of the property in its current condition, without any repairs or improvements✓ Correct
CC. The value after renovation
DD. The assessed value for tax purposes
Explanation
The 'as-is value' is the market value of the property in its current, existing condition — without assuming any repairs, renovations, or improvements. It reflects what a buyer in the market would pay for the property as it stands today. This contrasts with 'as-repaired' or 'as-complete' values used for renovation loans and new construction.
Related Colorado Property Valuation Questions
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