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Valuation - Coggle Diagram
Valuation
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Definition
The art or science of estimating the value of interest in a property for a specific purpose at a particular point in time
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Intrinsic VS Extrinsic
Extrinsic is the subjective estimation of benefit and satisfaction derived from the interest of the property.
Intrinsic is the definitive value (i.e. cost of tiling, cement etc to construct)
Market Value
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where the parties had each acted knowledgeably, prudently and without compulsion
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