Property Valuation
The sales comparison approach to value is MOST useful for appraising:
ASpecial use properties like churches
BIncome-producing commercial properties
CSingle-family residential properties with many comparable sales✓ Correct
DNew construction with no comparable sales
Explanation
The sales comparison approach (market data approach) is most reliable for single-family residential properties because there are usually enough comparable sales to establish market value. It is the primary approach used by residential appraisers.
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