Property Valuation
When using the sales comparison approach, paired sales analysis involves:
AComparing two identical properties to establish land value
BComparing two properties that are identical except for one feature to isolate and quantify the value contribution of that feature✓ Correct
CComparing the two most recent sales of the same property
DPairing the sales comparison approach with the cost approach for reconciliation
Explanation
Paired sales analysis is a technique where the appraiser finds two sales that are identical or very similar except for one feature (such as a garage or extra bathroom). By comparing their sale prices, the appraiser can isolate and quantify the value contribution of the differing feature to make appropriate adjustments.
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