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Exposure Time <br />The concept of exposure time is defined as "An opinion, based on supporting market data, of the length <br />of time that the property interest being appraised would have been offered on the market prior to the <br />hypothetical consummation of a sale at market value on the effective date of the appraisal .'^'the fact that <br />exposure time is always presumed to occur prior to the effective date of the appraisal can be substantiated <br />by related facts in the appraisal process such as supply/demand conditions as of the effective date of the <br />appraisal and the analysis of historical sales information. <br />Given the current demand and supply relationships, the typical exposure time for a property similar to the <br />subject, given its location would generally range in the area of 18-24 months or more assuming a <br />reasonable, orderly approach to its sale and a stable economic environment. The property is not <br />independely developable so the marketing time would be extensive. This estimate would encompass <br />approximately 15 to 18 months in direct marketing of the property by a well-qualified brokerage company <br />with additional time to secure the financing commitment and for the subsequent closing. <br />Property Inspection <br />Inspection by: F,mily L. Braman, MAI, SRA, AI-GRS <br />Date of the Inspection: October 15, 2024 <br />P. BRAMAN A CO., INC. - Real bsmtc Appraisals &. Consnning www. epbee.com <br />