Property Valuation
In an Indiana appraisal, extraordinary assumptions are:
AAssumptions the appraiser always makes
BAssumptions about uncertain information that, if found to be false, could materially affect the appraised value✓ Correct
CAssumptions required by Fannie Mae
DAssumptions about market conditions
Explanation
An extraordinary assumption is something assumed as fact for appraisal purposes, despite uncertainty about its accuracy (e.g., assuming a proposed construction will be completed as planned). If the assumption is wrong, the value conclusion could be materially different.
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