Property Valuation
An appraiser in Nebraska uses paired sales analysis to isolate the value of a two-car garage. This is a technique used in which approach?
ACost approach
BIncome approach
CSales comparison approach✓ Correct
DReconciliation
Explanation
Paired sales analysis compares two otherwise similar sales where one has a feature (garage) and one does not, to isolate the value contribution of that feature. This is a technique used in the sales comparison approach.
Related Nebraska Property Valuation Questions
- A Nebraska appraiser is asked to determine a property's 'insurable value' for insurance purposes. This is closest to which appraisal concept?
- Reproduction cost in the cost approach is the cost to:
- The income approach to value is most often used for:
- An appraisal is defined as:
- The principle of progression in real estate states that:
- When an appraiser makes adjustments in the sales comparison approach, adjustments are made to:
- Depreciation in the cost approach to appraisal is divided into three categories. Which of the following is an example of 'physical deterioration'?
- Functional obsolescence in a property refers to:
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