Property Valuation
A New Hampshire buyer overpays for a property due to emotional attachment. The resulting value exceeds market value and is called:
AInvestment value✓ Correct
BAssessed value
CValue in use
DSpeculative value
Explanation
Investment value (or subjective value) reflects what a specific buyer is willing to pay based on personal or business reasons, which may differ from the market value that a typical buyer would pay.
Related New Hampshire Property Valuation Questions
- When a real estate agent prepares a comparative market analysis (CMA), the agent is providing:
- In the income approach to valuation, 'effective gross income' is calculated by:
- Assessed value in New Hampshire municipalities is typically set at:
- An appraisal adjustment for a superior comparable sale (a comp that is better than the subject) results in:
- The principle of conformity in real estate valuation holds that:
- A NH appraiser's certification that the report was prepared in compliance with USPAP is part of their obligation under:
- A NH appraiser uses the 'direct capitalization' method for a commercial property. The steps are:
- A 'drive-by' appraisal (exterior-only inspection) in New Hampshire provides:
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