Exam term
Substitution
A buyer generally will not pay more for a property than the cost of an equally desirable substitute available without undue delay.
Lessons that use this term
- Principles of value: highest and best use, substitution, and conformity California
- The sales comparison approach California
- Market value and the principles of value Florida
- The sales comparison approach Florida
- Principles of value Texas
- The sales comparison approach Texas
- The cost approach: reproduction and replacement cost and depreciation Texas