Assessed Market Value, Estimated Market Value, and Contract Price

LIXI defines EstimatedValue as a mixed type.

LIXI defines EstimatedValue/@EstimateBasis as an enumeration of:

  • ApplicantEstimate
  • CertifiedValuation
  • CustomerEstimate
  • ContractPrice
  • Database
  • Other

Examples

Assessed Market Value

If the @EstimatedBasis is CertifiedValuation, we assume that the value is the Assessed Market Value.

<EstimatedValue EstimateBasis="CertifiedValuation">
    250,000.00
</EstimatedValue>

or

//ValueComponent/MarketValueAsIfComplete[@Type="SinglePoint"]/@ValueCeiling

See also: Assessed Market Value - best location

Contract Price

If the @EstimatedBasis is ContractPrice, we assume that the value is the Contract Price and we also require EstimatedValue/Date to determine the Contract Date.

<EstimatedValue EstimateBasis="ContractPrice">
    <Date>2004-01-01</Date>
    250,000.00
</EstimatedValue>

Estimated Market Value

If the @EstimatedBasis is omitted or otherwise set to CustomerEstimate or ApplicantEstimate, then we assume that it is the Estimated Market Value.

<EstimatedValue>315,000.00</EstimatedValue>

Or:

<EstimatedValue EstimateBasis="CustomerEstimate">
    250,000.00
</EstimatedValue>