Property Valuation
In New Mexico, an 'as-is' appraisal values the property:
AAs if all deferred maintenance were completed
BIn its current physical condition as of the effective date, including any deficiencies✓ Correct
CAt its highest and best use regardless of current condition
DBased only on comparable sales
Explanation
An 'as-is' appraisal reflects the property's value in its actual current condition, including any deferred maintenance, deficiencies, or damage. This contrasts with a 'subject to' appraisal conditioned on repairs.
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