Wednesday, November 29, 2023 | The Latest Buzz for the Appraisal Industry

Extraordinary Assumptions and When to Use Them

An extraordinary assumption is something that the appraiser assumes to be true but has no way of knowing. An extraordinary assumption involves uncertainty, as it may or may not be true. If the assumption were found to be false, it could affect the appraiser’s opinions and conclusions. Read on to learn about the definition of an extraordinary assumption and when it should be used, as well as the overuse of extraordinary assumptions.

Extraordinary assumptions

This post was originally published on this site

Mark Buhler

The Surfing Appraiser

Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of

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Timothy Andersen, MAI, MSc., CDEI, MNAA

“Naked, Unarmed, and Alone?”

Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my

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