Property Valuation
Appraisers use 'paired sales analysis' to:
AA. Compare two appraisers' independent conclusions
BB. Isolate the contributory value of a specific feature by comparing sales where only that feature differs✓ Correct
CC. Pair buyer and seller preferences in a market study
DD. Analyze two competing highest and best use scenarios
Explanation
Paired sales analysis involves finding two comparable sales that are identical except for one feature (e.g., a garage). The price difference between the sales is attributed to that feature, quantifying its contributory value.
Related Georgia Property Valuation Questions
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- The sales comparison approach to value is most appropriate for:
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- The 'cost to cure' method of depreciation estimates functional obsolescence by calculating:
- The market approach to value (sales comparison) would be LEAST appropriate for:
- A Georgia commercial property has potential gross income of $120,000, vacancy and credit loss of 8%, and operating expenses of $40,000. Using the income approach with a cap rate of 9%, what is the estimated value?
- In a seller's market, cap rates for investment properties tend to:
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