Laserfiche WebLink
I <br /> The purpose of this appraisal is to determine the <br /> Fair Market Value of the subject property, as of <br /> the date of the take. <br /> Fair Market Value is defined as the price which the <br /> property will bring in a competitive market under <br /> all conditions requisite to a fair sale, which <br /> would result from negotiations between a buyer and <br /> a seller, each acting pruaently, with knowledge and <br /> without undue stimulus. <br /> Regardless of the exact wording of the definition, <br /> Fair Market Value contemplates the consummation of <br /> a sale and the passing of full title from seller to <br /> buyer by deed, under conditions whereby: <br /> 1. Buyer and seller are free of undue <br /> stimulus and are motivated by no more than the <br /> reactions of typical owners ; <br /> 2. Both parties are well informed or well <br /> advised and act prudently for what he considers his <br /> own best interest; <br /> 3. A reasonable time is allowed to test the <br /> market; and <br /> 4. Payment is made in cash or in accordance <br /> with financing terms available in the community for <br /> 4 <br />