Property Valuation
What is a 'paired sales analysis' in real estate appraisal and how is it used in Nevada?
AAnalyzing two properties owned by the same person
BA technique for extracting the value contribution of a specific feature by comparing pairs of comparable sales that are identical except for the feature being measured — used to support appraisal adjustments✓ Correct
CComparing a property to the two most recent sales only
DA Nevada requirement for all residential appraisals to use two sales
Explanation
Paired sales analysis isolates the value contribution of a specific feature by finding two nearly identical sales that differ only in that feature. For example, to determine the value of a swimming pool in Henderson, an appraiser finds pairs of otherwise similar sales — one with a pool, one without — to quantify the pool's market value. This technique supports the adjustments made in the sales comparison approach and is more credible than arbitrary adjustments.
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