Property Valuation
A Louisiana appraiser uses a paired sales analysis to:
ACompare two different appraisal methods
BIdentify and quantify the value contribution of a specific feature by comparing sales that differ only in that feature✓ Correct
CPair properties for simultaneous sale and purchase
DAnalyze sales from two different time periods
Explanation
Paired sales analysis involves finding two otherwise identical properties that differ only in one feature (e.g.
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
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