Property Valuation
The sales comparison approach to value is most appropriate for:
ASpecial-use properties like churches
BResidential properties with many comparable sales✓ Correct
CIncome-producing commercial buildings
DNew construction with no comparables
Explanation
The sales comparison approach (market approach) is most appropriate for residential properties where recent, comparable sales data is available and can be adjusted to estimate the subject property's value.
Related Georgia Property Valuation Questions
- When comparing two properties using the sales comparison approach, an appraiser finds a comp with an extra bathroom. The appraiser should make an adjustment to the comparable by:
- A Georgia appraisal shows that a comparable property sold for $315,000 with a two-car garage. The subject property has a one-car garage. The appraiser estimates that the difference in garage value is $8,000. The adjustment to the comparable is:
- A Georgia appraiser is valuing a neighborhood convenience store. Which approach to value is most likely to be primary?
- The market approach to value (sales comparison) would be LEAST appropriate for:
- In an appraisal, a comparable sale that is superior to the subject property requires the appraiser to:
- A broker's price opinion (BPO) is most commonly used by:
- An appraisal conducted for a federally related transaction must be performed by a:
- The income capitalization approach to value assumes that value is:
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