One that does not represent a market transaction.
Example: A real estate Appraiser discovered the sale of a house for $200,000 in a neighborhood where the normal price is $300,000. The appraiser did not use it as a comparable because the conditions requisite for market value were not present in this abnormal sale.
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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