Reduction in a property's value caused by outside factors (those that are off the property).
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External depreciation - Urgent - Help Needed. Talk about External depreciation at AppraisersForum.com.
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Definition of external depreciation: Reduction in a property's value caused by outside factors (those that are off the property).
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EXTERNAL DEPRECIATION. Reduction in a property's value caused by outside factors (those that are off the property).
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... that depreciation is misunderstood by many, even some appraisers – typically due to their lack of knowledge regarding functional and external depreciation.
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