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1 <br />i <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />i <br />1 <br />1 <br />1 <br />'a 1992 -American Society of Farm Managers and Rural Appraisers, Inc. <br />Aoorelsal neoort ~ <br />Continuation <br />Value Definition: <br />1. buyer and seller ere typically motivated; 2. both parties are well informed or well advised, and each <br />acting whet he considers his own best interest; 3. a reasonable time is allowed for exposure in Me open <br />market; 4. payment la made in terms o1 cash In U.S. dollars or in terms of financial arrangements <br />comparable thereto; end 5. the price represents the normal consideration for the property sold unaffected <br />by special or creative financing or sales concessions granted by anyone associated with the sale. terms <br />equivalent to cash, for which the specified property rights should sell attar reasonable exposure In a <br />~ competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting <br />prutlently, knowletlgeably, end for soli interest, assuming that neither is under undue stress. <br />Page of <br />