Incurable depreciation caused by factors not on subject property, such as environmental, social, or economic factors.
Related information about external obsolescence:
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Functional obsolescence is defined as the impairment of functional capacity or efficiency that reflects the loss in value brought about by such factors as ...
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Economic obsolescence, also referred to as external obsolescence, is the loss in value resulting from influences external to the property itself. External ...
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Definition of external obsolescence: Incurable depreciation caused by factors not on subject property, such as environmental, social, or economic factors.
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While these properties many times involve built-to-suit and sale-leaseback situations, these are not indications, by themselves, that massive amounts of ...
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Apr 8, 2012 ... Now this may be a great location for an apartment building, however, the proximity to all this external obsolescence makes it a bad location for ...
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Apr 1, 1996 ... External obsolescence is a key consideration in appraisal work and results from diminished value... | Article from Appraisal Journal April 1, ...
- external obsolescence | Real Estate Definition | HomeSurfer.com
Real Estate Definition: external obsolescence - an appraisal term referring to the loss in value attributable to factors outside the property itself, such as ch .. more ...