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Valuation of the Subject Property <br />Thecost, Sales Compadson, end Income Approaches to valuation <br />have been considered for this appraisal, All three approaches were <br />considered to Moody value the apubject property. <br />The Cost Approach simulates the build versus buy alternative mailable <br />to some carers. The Sales comparison Approach Is an analysis of <br />comparable instruction; which Woodson; buyer and seller behavior. <br />In applying the Income Approach, the appraiser simulatenhe. <br />Investment aoaysls of the most probable buyer group to derive an <br />estimate of the price that they would be wllling to pay. <br />The Saks Comparison Approach simulates buyer and eelkr behavior. <br />The assumption that buyers and sellers add make a reasonable effort <br />to educate themselves about current meead behavior Is In plicll In this <br />approach. Well Informed forchasers are leas Mody to bid a lose price <br />that WgnP my exceeds pdresthey would have to pay for property of <br />equivalent artily in the some motketplace. likewise, sellers calm are <br />Wormed will know the minimum price they may reasonably axpttt to <br />moves upon As of the properly. The Sides Comparison Approach <br />r s o r the spectrum of information available to and the decision <br />process need by these parties to ad mordantly. <br />As previously stated, we have prepared this report alter considering all <br />three approaches to value. We have applied one approach to value; <br />the Saks Comparleon Approach, to value the property. Consideration <br />star given pdmady to overall Invegment simllarl propery type and <br />bl:dlWl. The Cog Approach and Income Approach M value. we <br />tMoaly prof careidemd by buyers and sellers of vacant hrd progenies <br />ends to the ear Vproperty <br />Exhibit C - P <br />Atlubabat1rp &39 <br />