real estate 5-11-10 after the dentist
woozy

panoramic view
improvements

deficiencies or adverse conditions
dry rot indicate here
conform to neighborhood
conformity
at play as a principle
type of properties for neighborhood

how determine the cost of land
cost approach
market comparison approach

property assessment
market comparison approach
one of 3 appraisal approach . Value is estimated by analyzing sales prices of similar properties ( comparables recently sold.
Example: The subject property is a 3-bedroom, 2-bath house. Two recently sold comparables are found. The appraiser, using the market comparison approach, sets up Table 30.
TABLE 30
MARKET COMPARISON APPROACH
Subject Comparable # 1 Comparable #2
Sale price $170,500 $167,000
Date of sale last week 3 months ago (+$1,000)
3 bedrooms 3 bedrooms 3 bedrooms
2 baths 2½ baths (--$2,500) 2 baths
Adjusted price $168,000 $168,000
The subject property is appraised for $168,000.

unit in place method

more corners the more expensive

quantity survey method
insurance
quantity

depreciate
wind sun
wear out
people walking on the floor
decrease in value depreciation
appreciation simultaneous

expected life
50-100 years

professional appraiser
straight line
straight line appreciation
depreciation

trade in value
fiscal depreciation
functional
curable
or incurable
obsolescent

inverse condemnation
http://en.wikipedia.org/wiki/Inverse_condemnation