Property Valuation
The gross rent multiplier (GRM) method of estimating value is most commonly used for:
ALarge commercial properties
BSingle-family homes and small residential rental properties as a quick value estimate✓ Correct
CAgricultural land
DVacant land with no improvements
Explanation
The GRM is a simple valuation tool often used for small residential rental properties. GRM = Sale Price / Gross Annual Rent.
Related New Hampshire Property Valuation Questions
- In New Hampshire, the value of a lakefront property relative to a similar inland property reflects which appraisal concept?
- A NH real estate professional conducting a broker price opinion (BPO) should understand that a BPO:
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