Market View

Posted by Ronald on Jul 14, 2011 in Uncategorized | 0 comments

An interesting phenomenon exists in the current market across property types, namely a multitier pricing structure. At the bottom there are sales from financially stressed sellers. It may take more effort to acquire such properties, but investors in this category are clearly in the market. At the upper end of the pricing spectrum are the more traditional arm’s length sales, wherein there are no unusual stressors to sell. Under the definition of Market Value,* appraisers are required to value properties based upon typical conditions of...