Property Valuation
A Colorado appraiser's 'reconciliation' note states that 'greatest weight was given to the sales comparison approach.' This is because:
AThe sales comparison approach is always the most accurate method
BThe subject is a single-family home in a neighborhood with adequate comparable sales✓ Correct
CThe income approach was not possible to apply
DThe cost approach always underestimates value
Explanation
The sales comparison approach is typically given the most weight for single-family residential properties when there are adequate comparable sales available, as it most directly reflects what buyers are actually paying in the current market.
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