Property Valuation
A Montana appraiser who uses paired sales analysis is trying to:
AFind properties that sold multiple times to determine appreciation
BIsolate the contribution of a single feature to value by comparing sales that differ only in that specific feature✓ Correct
CVerify that sales occurred in arm's length transactions
DDetermine which comparable requires the largest adjustment
Explanation
Paired sales analysis involves finding two comparable sales that are identical in all respects except for one feature, allowing the appraiser to quantify the market's value contribution for that specific feature (e.g., a garage, extra bathroom, or finished basement) to support adjustments in the sales comparison approach.
Related Montana Property Valuation Questions
- In Montana, when an appraiser concludes a property's value is $325,000 'as-is' but $380,000 'subject to completion of planned renovation,' the difference reflects:
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