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You have valued my house for more than it cost me to build it, why is that?

A

You have valued my house for more than it cost me to build it, why is that?

Cost and value are not always the same thing. Our conclusion of RMV is based on what the property would sell for in an open market transaction. Not everyone can build their own home; those who can benefit from not paying labor costs see this savings reflected in the sales price of their property.

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