Finance
Oregon's real estate market in the Bend and Central Oregon area has seen significant price appreciation. A lender ordering an appraisal there would be most concerned about:
AWhether the property is in a Willamette Valley flood zone
BWhether comparable sales support the contracted purchase price and whether the market is stable or declining✓ Correct
CWhether Oregon water rights are included in the purchase
DWhether the property is within the Portland Metro UGB
Explanation
Lenders require appraisals to verify that the contracted purchase price is supported by the market and that the property provides adequate collateral for the loan. In fast-appreciating markets like Bend, the lender is concerned whether comparables support the price and whether the market is sustainable.
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