Gina Zachares,  in Succasunna, NJ

What happens to a transaction when a commercial real estate property (land only) sells for more than the appraised value?

Asked by Gina Zachares, Succasunna, NJ Fri May 10, 2013

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Appraised value is an estimate of value. That value is not set in stone. When a transaction sells for more than what it was appraised at, the value changes as the market price is actual value.
0 votes Thank Flag Link Sat May 11, 2013
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