Property Valuation
A NH appraiser's 'extraordinary assumption' in an appraisal report means the appraiser is:
AProviding an unusually detailed analysis
BAssuming a fact that may not be true but, if false, could materially change the value — and disclosing this assumption to the intended user✓ Correct
CAdjusting beyond normal market evidence
DCertifying that all facts are verified
Explanation
An extraordinary assumption is a specific assumption (about a property condition or fact) that, if false, could materially alter the appraiser's conclusions. USPAP requires disclosure of extraordinary assumptions to the intended user.
Related New Hampshire Property Valuation Questions
- A NH income property's debt service coverage ratio (DSCR) of 1.25 means:
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