Property Valuation
In Kansas, the 'paired sales analysis' technique is used by appraisers to:
APair properties for bulk discount pricing
BIsolate and measure the market value contribution of a single property feature by comparing otherwise identical sales that differ only on that feature✓ Correct
CCompare prices in different Kansas markets
DIdentify paired properties in the same subdivision
Explanation
Paired sales analysis compares properties that are identical except for one feature, allowing the appraiser to isolate the market's reaction to (and value assigned to) that specific difference.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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