prospective appraisal
prospective appraisal
A licensed professional appraiser's estimate of the value a property will have after certain conditions come to pass.Before lending development money for a project,lenders will require a prospective appraisal of the completed project.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.