In an appraisal for a business loan, which information should not affect your opinion of value?

In determining the value of a property for a business loan, the information that should not affect your opinion of value is the race of potential buyers. This is grounded in ethical appraisal practices, as appraisers are bound by laws and regulations that prohibit discrimination based on race or any other protected characteristic. Appraisals must focus on objective data relevant to the property's value, such as market conditions, property characteristics, and economic factors, rather than the demographics of potential buyers, ensuring that the valuation process remains fair and unbiased.

On the other hand, factors such as population growth trends, median household income, and neighborhood development plans are relevant to the appraisal process. They provide insight into the market dynamics and economic conditions that can influence property values. For instance, population growth trends might indicate an increasing demand for properties in a certain area, while median household income can reflect the purchasing power of prospective buyers. Neighborhood development plans can also impact future property values as they signify potential improvements or changes in the area. These factors contribute valuable context and objective analysis in the appraisal process, unlike the race of buyers, which has no place in determining a property's value.