Property Valuation (alternative)
A Maryland appraiser who uses three comparable sales with adjusted values of $380,000, $385,000, and $390,000 should reconcile to a value:
AOf exactly $385,000 (the mathematical average)
BBased on which comparable required the fewest adjustments and is most similar to the subject✓ Correct
COf $390,000 (the highest comparable)
DOf $380,000 (the most conservative estimate)
Explanation
Reconciliation is not a simple average — the appraiser gives most weight to the most comparable sale (fewest adjustments, most similar features and location) to arrive at the final value estimate.
Related Maryland Property Valuation (alternative) Questions
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