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The sales comparison approach to appraisal is most commonly used in Indiana for:

Correct Answer

B) Single-family residential properties, using recently sold comparable properties with adjustments

The sales comparison approach is the primary method for residential property valuation, comparing the subject to similar recently sold properties and adjusting for differences in features, condition, and location.

Answer Options
A
Commercial property
B
Single-family residential properties, using recently sold comparable properties with adjustments
C
Vacant land only
D
Industrial property

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Related Topics & Key Terms

Related Topics:

cost approachincome approachcomparable salesappraisal adjustmentsUSPAPIndiana appraisal licensing

Key Terms:

sales comparison approachcomparable salesappraisalresidential propertyadjustmentsmarket data approach
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