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When researching a property you are appraising having taken into account current market indicators, you find on RP Data the current owners purchased at the

When researching a property you are appraising having taken into account current market indicators, you find on RP Data the current owners purchased at the height of the market and you now estimate it at 20 - 25% less than they paid.

Now, when presenting your market appraisal and opinion of price they are very disappointed and angry at your estimate.

What do you do and explain why?

(Real Estate question)

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