Property Valuation
In Iowa, the comparable sales approach requires the appraiser to find sales of properties that are:
AIdentical to the subject in all respects
BSimilar in size, location, and features, sold within a reasonable time period✓ Correct
CListed for sale at the time of the appraisal
DLocated in the same county as the subject
Explanation
Comparables should be similar properties that have actually sold (not listed) recently in the same or similar market area. Appraisers then adjust for differences between comparables and the subject property.
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