What is your best estimate of the market price of the


You have been asked to appraise a 4 bedroom house with 2 bathrooms that is going to be sold tomorrow. You have found 1 comparison property that sold for $325,000 5 weeks ago from today that has 3 bedrooms and 3 bathrooms. You estimate value have been decreasing at a rate of $5,000 per week since that property transacted, each bedroom is worth $32,000 and a bathroom is worth $11,000 in the respective market, what is your best estimate of the market price of the subject property tomorrow?

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Financial Management: What is your best estimate of the market price of the
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