Property Valuation
What is 'investment value' as distinguished from 'market value' in Delaware?
AThe value to investors only; market value is for owner-occupants
BInvestment value is the value to a specific investor given their particular criteria, tax position, and financing; market value is the most probable price in an arm's-length market transaction✓ Correct
CInvestment value always exceeds market value
DInvestment value is calculated using a lower cap rate than market value
Explanation
Investment value is the value of a property to a specific investor given their particular requirements, tax situation, available financing, and rate of return expectations. It may differ from market value (which reflects the open market, not a specific buyer's perspective).
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