Property Valuation
A NC appraiser uses 'paired sales analysis' in the sales comparison approach. This technique:
APairs two appraisers to review each property
BFinds two comparable sales that are identical except for one feature to isolate the value of that feature✓ Correct
CRequires comparing exactly two comparable properties to the subject
DMatches the subject property with the nearest geographic comparable
Explanation
Paired sales analysis identifies two comparable sales that are identical in all respects except the one feature being measured (e.g., garage vs. no garage). The price difference between the two sales indicates the market value of that single feature.
Related North Carolina Property Valuation Questions
- The sales comparison approach to value is most appropriate for:
- The 'principle of anticipation' in NC real estate holds that:
- The 'gross rent multiplier' (GRM) method is considered a quick, simplified income approach. It does NOT account for:
- When appraising a property in the Outer Banks near the NC coast, an appraiser would consider 'functional utility' which includes:
- The 'principle of regression' in NC real estate appraisal states that:
- Net operating income (NOI) is calculated as:
- The 'reconciliation' process in an NC appraisal report involves:
- Assemblage in real estate refers to:
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