Appraisal Information

Appraisals will use one of more of the following definitions of value depending on circumstances and how the appraisal will be used:

• Fair Market Value in Continued Use.
  The amount expressed in terms of money that may be reasonably be expected for property in exchange between a willing buyer and a willing seller with equity to both, neither under compulsion to buy or sell and both fully aware of all relevant facts and including installation and assuming that the earnings support the value reported.
  
  
• Orderly Liquidation Value.
  The estimated gross amount expressed in terms of money which could typically be realized from a sale, given a reasonable period of time in which to find a purchaser(s), the seller being compelled to sell on an “as is and where is” basis.
  
  
• Forced Liquidation Value.
  The estimated gross amount expressed in terms of money which could typically be realized from a properly advertised and conducted public sale with the seller being compelled to sell with a sense of immediacy and on an “as is where is” basis.