Property Valuation
When multiple appraisal approaches give different value indications, the final value conclusion involves:
AUsing the highest value always
BWeighting each approach based on its appropriateness for the property type and data quality✓ Correct
CAveraging all approaches equally
DUsing only the income approach
Explanation
Reconciliation requires the appraiser to weigh each approach based on factors like property type, data reliability, and the purpose of the appraisal — not simply averaging the results.
Related Georgia Property Valuation Questions
- The 'principle of regression' in real estate valuation holds that:
- Regression and progression are appraisal principles that affect value through:
- The income approach to value is LEAST appropriate for which property type?
- The 'income approach' to value is MOST appropriate for:
- In the sales comparison approach, adjustments are made to the comparable properties because:
- A Georgia appraiser is valuing a neighborhood convenience store. Which approach to value is most likely to be primary?
- The principle of 'substitution' in real estate appraisal means:
- When an appraiser determines the 'contributory value' of a feature (like a swimming pool), this represents:
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