3-The Sales Comparison Approach-Appraising and Estimating Market Value

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THE SALES COMPARISON APPROACH The sales comparison approach, also known as the market data approach, is used for almost all properties. It also serves as the basis for a broker’s opinion of value. It is based on the principle of substitution– that a buyer will pay no more for the subject property than would be […]

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2-Appraising Market Value-Appraising and Estimating Market Value 4-The Cost Approach-Appraising and Estimating Market Value