Estate of Eldon L. Auker, Deceased, Kimberlee J. Auker, Independent Personal Representative - Page 11

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          method, and cost method.  The appraisers took into account                  
          various data on Genesee County, including its location,                     
          composition, demographics, population density, and accessibility.           
          The appraisers followed an industry definition of the term                  
          "market value", under which the term meant:                                 
               MARKET VALUE--The most probable price in terms of money                
               which a property should bring in a competitive and open                
               market under all conditions requisite to a fair sale,                  
               the buyer and seller, each acting prudently,                           
               knowledgeably and assuming the price is not affected by                
               undue stimulus.                                                        
               Implicit in this definition is the consummation of a                   
               sale as of a specific date and the passing of title                    
               from seller to buyer under conditions whereby:                         
               1)   buyer and seller are typically motivated.                         
               2)   both parties are well informed or well advised,                   
                    and each acting in what they consider their own                   
                    best interest.                                                    
               3)   a reasonable time if [sic] allowed for exposure in                
                    the open market.                                                  
               4)   payment is made in cash or its equivalent.                        
               5)   financing, if any, is on terms generally available                
                    in the community at the specified date and typical                
                    for the property type in its locale.                              
               6)   the price presents a normal consideration for the                 
                    property sold unaffected by special financing                     
                    amounts and/or terms, services, fees, costs, or                   
                    credits incurred in the transaction.*                             
               *REAL ESTATE APPRAISAL TERMINOLOGY, (REVISED EDITION),                 
               1984, pages 160 & 161.                                                 
               The appraisers explained in their appraisal reports that the           
          sales comparison method compares a property with similar                    





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