In this unit we covered real estate appraisal. There are many factors to consider that may have an effect on value. We focus a lot of our discussion on single family residences in a real property sense.What, would be the most important factor in determining value and/or desirability of a single family residence? There is an old saying that the three most important factors in determining value are "location, location and location." Other than location, which of the factors that are discussed in this unit are most important to value, Why is that? Can you think of a factor affecting value that is not expressed in our text that might be an important factor in determining value? Why is that?