Property Valuation
A Texas appraiser reconciles the following value indications for a single-family home: Sales Comparison = $285,000; Cost Approach = $295,000; Income Approach = $270,000. For a typical owner-occupied home, the appraiser would likely place the most weight on:
AThe average of all three = $283,333
BThe Sales Comparison Approach = $285,000✓ Correct
CThe Cost Approach = $295,000
DThe Income Approach = $270,000
Explanation
For owner-occupied single-family residential properties, buyers and sellers primarily consider comparable sales, making the Sales Comparison Approach the most reliable indicator of market value. The appraiser would likely give most weight to the $285,000 sales comparison indication, using the other approaches to support or test that value.
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