Mastering Real Estate Principles, Eighth Edition - Unit 18

The income approach used in appraising property is best suited for determining the value of a(n)

If the value of a property is negatively affected by forces outside the property beyond the control of the owner, an appraiser would adjust the property appraisal for

The difference between the value of a property and the total amount of liens against it is called the property’s

What economic principle best describes the amount of added value an improvement makes to the property?

What economic principle best describes the effect on value when property is over improved? 

What economic principle best describes the effect on a property’s value when it is believed substantial economic development will occur in the area in the near future?