When appraising mobile homes in Florida, all of the following factors typically affect value EXCEPT:
Correct Answer
D) The original manufacturer's suggested retail price
The original manufacturer's suggested retail price is not relevant to current market value appraisal. Options A, B, and C are all important factors: permanent affixation affects legal status and financing, tie-down systems affect safety and insurability, and HUD standards compliance affects marketability and loan eligibility.
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An appraiser is valuing a historic property in St. Augustine that is listed on the National Register of Historic Places. The property has deed restrictions limiting modifications and requires special permits for any changes. The owner has received offers from developers who want to demolish the structure, but local preservation ordinances may prevent this. What valuation approach is most problematic in this situation?
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A commercial property in Orlando contains environmental contamination from a former gas station. The contamination has been reported to the Florida Department of Environmental Protection, and remediation is ongoing under state oversight. The property is being appraised for a potential sale to a buyer who plans to continue the cleanup. How should the appraiser handle this situation?