7. EDSR 11-13-2007 - Laserfiche WebLink

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EXTRAORDINARY ASSUMPTIONS OR HYPOTHETICAL CONDITIONS As stated by USPAP, 2005; Extraordinary Assumption: An assumption, directly related to a specific assignment, which, if found to be false, could alter the appraiser's opinions of conclusions. Value assumes site can be developed with commercial, as indicated by the City-if found to be otherwise, value could differ. No other extraordinary assumptions were made in this appraisal report. Hypothetical Condition: That which is contrary to what exists but is supposed for the purpose of analysis. No hypothetical conditions were made in this appraisal report. ASSUMPTIONS AND LIMITING CONDITIONS 1. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or the title thereto, nor does the appraiser render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership and good management. 2. The furnished legal description is assumed to be correct. 3. Any sketch in the report may show approximate dimensions and is included to assist the reader in visualizing the property. The appraiser has made no survey of the property. It is assumed unless otherwise noted that no survey has been viewed and that all improvements are located within the legally described property. 4. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previously made therefore. 5. The distribution of the total valuation in this report between land and improvements applies only under the reported highest and best use of the property. The allocations of value for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. Nagell Appraisal & Consulting ~ 952-544-8966 (www.callnagell.com 31