Property Valuation
A Rhode Island buyer pays $50,000 more for a property than any comparable sales support. This is an example of:
AMarket value
BInvestment value or subjective value; it may exceed market value for personal reasons✓ Correct
CA valid comparable sale
DAn appraiser error
Explanation
Investment value (or subjective value) is the value of a property to a specific buyer for their specific purposes, which may exceed market value. Market value reflects what a typical buyer would pay, not what any one buyer is willing to pay.
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