In real estate valuation, which element of value refers to the presence of willing buyers with purchasing power?
Correct Answer
B) Buyer demand backed by purchasing power
Demand means more than desire alone. In appraisal, demand exists when buyers both want the property and have the financial ability to buy it, so it is an essential element of value.
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More Valuation Market Analysis Questions
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In April 2026, a lender reviews an appraisal of a three-unit property in which the appraiser included an income approach. Which support would best satisfy that part of the report?
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