Property Valuation
Which appraisal approach is considered MOST reliable for single-family homes in Ohio's active residential markets?
AIncome approach
BCost approach
CSales comparison approach✓ Correct
DReplacement value approach
Explanation
The sales comparison approach (market data approach) is generally considered the most reliable method for appraising single-family residences in active markets with ample comparable sales.
Related Ohio Property Valuation Questions
- In Ohio, 'personal property' items included in a commercial sale should be:
- If an Ohio property's NOI is $50,000 and it sells at a 6.25% cap rate, what is the sale price?
- The principle of 'regression' in real estate valuation states that:
- A property's annual NOI is $42,000 and similar properties are selling at a 7% cap rate. What is the estimated value?
- In Ohio, the 'land residual technique' and 'building residual technique' are used in the income approach to:
- An Ohio appraiser determines a comparable sale involved seller financing at below-market rates, making the price higher than it would have been with typical financing. The appraiser should:
- What is the principle of anticipation in real estate valuation?
- What is a neighborhood life cycle in real estate market analysis?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →