The Vendor is required to provide for real estate appraisal services of property located near location.
- The Appraiser shall make such investigations and studies as are necessary to derive sound conclusions as to the market value of the Property and to prepare an adequate Appraisal.
- The Appraiser conducting the inspection is advised that compliance with the policies of the Client, the Intended User and the owner of the Property shall be required, which may entail a degree of limitation in the extent of photography, measurement, or inspection that may be permitted within any structure or upon any tract of the Property.
- Such verification shall include interviewing the seller, buyer, agent, or any other person known to have participated in the transaction, to ascertain the consideration, the terms and conditions of the sale, any special factors affecting the amount of the consideration, and the actual condition of the property at the time of transfer.
- The Appraiser shall confine the description of the Property to the real estate. Any non-permanent item (debris, waste, equipment materials, etc.) observed, stored, or noted as present on the Property shall be disregarded as to salvage value or removal costs.
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