Property Valuation
A 'before and after' method is used in appraisal when:
AA. Comparing a property's value before and after renovation
BB. Estimating damages from a partial taking (eminent domain)✓ Correct
CC. Calculating depreciation over a building's life
DD. Comparing two properties in different market cycles
Explanation
The before-and-after method is used in partial takings under eminent domain. The appraiser determines the property's value before the taking and after, with the difference representing the compensation due to the owner.
Related Georgia Property Valuation Questions
- USPAP requires appraisers to retain their workfiles for a minimum of:
- The gross income multiplier (GIM) for annual rents is calculated as:
- A Comparative Market Analysis (CMA) is prepared by a real estate agent primarily to help a seller determine:
- The principle of anticipation in real estate valuation holds that:
- A Georgia appraisal shows that a comparable property sold for $315,000 with a two-car garage. The subject property has a one-car garage. The appraiser estimates that the difference in garage value is $8,000. The adjustment to the comparable is:
- In the income approach, what formula is used to calculate property value?
- The sales comparison approach to value is most appropriate for:
- A property with a 'stigma' (such as a murder having occurred there) may experience what type of depreciation?
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