Property Valuation
In NJ, when valuing a two-family home (duplex) owner-occupied as a primary residence, an appraiser most likely uses the:
AIncome approach only
BSales comparison approach as the primary approach, supported by the income approach✓ Correct
CCost approach only
DGross rent multiplier without any comparable sales
Explanation
For residential duplexes in NJ, the sales comparison approach using comparable two-family sales is the primary methodology, with the income approach providing supporting analysis based on market rent data and GRM.
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