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Posted on: 18/04/2013

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Specialized Property

The property which is rarely on sale in the market excluding at company or part of property. Property having specialized nature in terms of size, location, shape or characteristic .The purpose of valuation is to achieve approximate transaction price of property. The market of specialized property is very different as it doesn’t negotiate often to permit the installation of prices by comparison with sold assets. Valuation of specialized property is not an easy task. A person with experience and knowledge help to get the proper valuation. This valuation is completely based on market decision making principle or there are different methods to calculate valuation of specialized property. If you need to estimate the price of particular property than you must require the price of comparable property also.
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