Property Valuation
An appraiser in Connecticut reconciles value indications of $485,000 (sales comparison), $490,000 (cost), and $480,000 (income). The MOST weight is typically given to which approach for a single-family home?
ACost approach
BSales comparison approach✓ Correct
CIncome approach
DAll three equally
Explanation
For single-family residential properties, the sales comparison approach typically receives the most weight because there is usually sufficient comparable sales data. The final value opinion is $485,000 in this case.
Related Connecticut Property Valuation Questions
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