Property Valuation
In Texas, properties sold under duress (foreclosure, estate sale, divorce) are generally:
AThe best comparables for market value appraisals
BNot considered arm's length transactions and may be excluded or adjusted in appraisals✓ Correct
CAlways used as comparables since they represent true market activity
DRequired to be used by USPAP
Explanation
Appraisers seek arm's length transactions (where both buyer and seller are acting freely, knowledgeably, and without undue pressure) for comparable sales. Distressed sales (foreclosures, short sales) may not reflect market value and are often excluded or adjusted.
Related Texas Property Valuation Questions
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