josephdifranco
Member
- Joined
- Mar 19, 2002
- Professional Status
- Certified General Appraiser
- State
- Illinois
I'm valuing three units in a condominium building. There used to be a statement on standard 10 which addressed the valuation of multiple units, but that statement was retired. I'd like to include a quote and page number for the report I'm currently working on.
Basically it stated that when valuing five units or more, the sum of retail values does not represent the market value of the whole property.
Can anyone provide a USPAP quote (and page number) if one exists which addresses the point at which discounting multiple units should occur?
I did try the search function, but was unsuccessful, thanks for any responses.
Basically it stated that when valuing five units or more, the sum of retail values does not represent the market value of the whole property.
Can anyone provide a USPAP quote (and page number) if one exists which addresses the point at which discounting multiple units should occur?
I did try the search function, but was unsuccessful, thanks for any responses.