Property Valuation
An Iowa appraiser is using paired sales analysis. The purpose of this technique is to:
AIdentify which properties were sold by the same agent
BIsolate the value contribution of a single feature by comparing sales of otherwise similar properties✓ Correct
CAnalyze market trends over multiple years
DCompare listing prices to final sale prices
Explanation
Paired sales analysis (matched pairs) compares sales of similar properties that differ in only one feature to isolate that feature's market contribution, which is then used as a basis for adjustments in the sales comparison approach.
Related Iowa Property Valuation Questions
- Iowa's mass appraisal system used by county assessors differs from a fee appraisal in that:
- In Iowa, which type of value is used for property tax purposes?
- An appraisal is defined as:
- Which of the following BEST defines 'market value'?
- External (economic) obsolescence as a form of depreciation is BEST described as:
- The income approach to value is MOST appropriate for which type of property?
- In Iowa, the gross rent multiplier (GRM) for a rental home is calculated as:
- The principle of substitution in Iowa appraisal states that:
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