Property Valuation Financial AnalysisValuation_financial_analysisEASY
The appraisal approach that estimates value by comparing a property to similar recently sold properties is the:
Correct Answer
C) Sales comparison approach
The sales comparison (market) approach estimates value by analyzing recent sales of similar properties and making adjustments for differences.
Answer Options
A
Cost approachB
Income approachC
Sales comparison approachD
Gross rent multiplier approachVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-appraisal-methodsmarket-analysiscomparable-sales
Key Terms:
sales comparison approachcomparable salesprinciple of substitutionUSPAPresidential appraisal
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