Property Valuation (alternative)
An appraiser in Maryland who finds that a comparable sale occurred between related parties (family members) should:
AUse it as a primary comparable
BConsider it a non-arm's-length transaction and use it cautiously, adjusting or excluding it✓ Correct
CGive it double weight as family sales are always honest
DReport the sale to SDAT
Explanation
Sales between related parties may not reflect market conditions, as they may be below or above market value. Appraisers should treat them as non-arm's-length and verify whether they are market-representative.
Related Maryland Property Valuation (alternative) Questions
- The direct capitalization method used by Maryland appraisers estimates value by:
- SDAT reassesses Maryland real property on what cycle?
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