Property Valuation
In Montana, an 'as-is' appraisal for a property requiring significant repairs values the property:
AAt its estimated value after all proposed repairs are completed
BIn its current condition, without any credit for proposed improvements or repairs✓ Correct
CBased on the average of as-is and as-improved values
DAt the cost to complete all necessary repairs
Explanation
An 'as-is' appraisal values the property in its current condition, reflecting deferred maintenance and needed repairs as depreciation. An 'as-improved' or 'subject to' appraisal values it assuming repairs are completed.
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