Property Valuation
In Vermont, a 'distressed sale' (foreclosure, estate sale under time pressure) may be considered:
AThe best comparable for any appraisal
BA non-arm's-length transaction requiring special consideration or adjustment in appraisal✓ Correct
CAutomatically at fair market value
DExcluded from all appraisal analyses
Explanation
Distressed sales may not represent fair market value because the seller may not have been acting without compulsion. Appraisers must carefully analyze and potentially adjust or exclude distressed sales from the sales comparison analysis.
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