Property Valuation
The appraisal approach most commonly used for valuing single-family homes in New Hampshire's Manchester and Nashua markets is:
AIncome capitalization approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
The sales comparison (market data) approach is the primary method for valuing single-family homes. It compares the subject property to recent sales of similar properties, making adjustments for differences.
Related New Hampshire Property Valuation Questions
- When comparing NH residential properties for the sales comparison approach, an appraiser should use comparables that:
- A NH appraiser who values a property 'subject to' completion of planned improvements is providing:
- When comparing two properties in the same Manchester, NH neighborhood, an appraiser adjusts for the fact that one sold 18 months ago while the other sold last month. This is called a:
- An appraiser preparing a value for a NH 4-unit residential property would typically use the income approach as a primary method and the sales comparison approach as:
- The concept of 'functional utility' in NH appraisal refers to:
- The principle of conformity in real estate appraisal holds that:
- A NH appraisal report for a single-family home is most commonly prepared using which Fannie Mae form?
- An appraiser in Concord, NH uses three comparable sales to estimate value. The sales are $310,000, $298,000, and $325,000 after adjustments. The appraiser's final value conclusion will:
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