Property Valuation
In Louisiana, which approach to value typically provides the most reliable indicator for appraising a single-family home in a developed neighborhood with abundant comparable sales?
ACost approach
BIncome approach
CSales comparison approach✓ Correct
DBand of investment approach
Explanation
The sales comparison approach provides the most reliable indication for single-family residential properties in developed neighborhoods with active sales — because it directly reflects what informed buyers are actually paying for similar properties in the market.
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