Property Valuation
When a Florida appraiser makes a 'paired sales analysis,' they are:
AAveraging the values of two comparable sales
BComparing two sales that are identical except for one feature to isolate that feature's value contribution✓ Correct
CPairing a commercial and residential sale for comparison
DUsing two appraisers to double-check the value estimate
Explanation
Paired sales analysis (matched pairs analysis) isolates the value contribution of a single feature by comparing two sales that are identical in all respects except for that feature. This provides market-derived adjustment amounts for the sales comparison approach.
Related Florida Property Valuation Questions
- A Florida appraiser determines that a neighborhood's land values have been declining because of high vacancy rates. This condition is known as:
- A Florida appraiser places most weight on the sales comparison approach for a single-family home. This is because:
- A Florida appraiser excludes a comparable sale from the analysis because the sale was a 'distressed sale' (foreclosure or short sale). This is because:
- In Florida, a property appraiser's 'market conditions adjustment' in the sales comparison approach accounts for:
- When Florida property values are declining steeply, an appraiser applying time adjustments to recent comparable sales would typically apply:
- In Florida, which type of property would most benefit from the 'cost approach' to valuation?
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- A Florida appraiser is asked to value a proposed new subdivision. The most appropriate value standard would be:
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