09-16-2015, 08:45 AM
(09-14-2015, 09:09 PM)BengalChris Wrote: Doesn't really matter. It's only a hypothetical value if the team were sold today and doesn't really take into account the fact that no one is going to pay that much. When it comes down to it, something is only worth what someone else is able and willing to pay for it, and not a dime more.
Thats all any appraisal or valuation is. If an appraiser establishes a value for your house then its purely hypothetical. However, valuations are done by appraisers to set a market value that can be used in the event of damage or total loss for insurance purposes.
