Property Valuation
A NH appraiser determines that the indicated values from the three approaches are: cost=$310,000; income=$285,000; sales comparison=$298,000. The final reconciled value will most likely be:
AThe simple average: $297,667
BCloser to the sales comparison value for a residential property✓ Correct
CThe highest value: $310,000
DThe lowest value: $285,000
Explanation
For a residential property, the sales comparison approach typically receives the greatest weight in reconciliation because it directly reflects market evidence. The appraiser's judgment drives the final value.
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