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Low Retail Value — A low retail valued outboard engine will show wear and/or defects. It may have been stored outside in the elements, been neglected and require cosmetic and/or mechanical work. This classification of engine is not in running order or is in rough running condition. Low retail engines usually are not found on a dealer's lot.An assessed value of a property is determined when it is appraised. The appraisal takes into account the value of the lot itself, and any structures on the lot, then estimates what...

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