Property Valuation
A paired-sales analysis is used in the sales comparison approach to:
AMatch properties from different markets
BIsolate the contribution of a specific feature by comparing pairs of sales identical except for that feature✓ Correct
CPair each comparable with a specific improvement
DCompare the income approach with the sales comparison approach
Explanation
Paired-sales analysis identifies two properties that are nearly identical except for one specific feature (e.g., a garage vs. no garage). The difference in their sale prices isolates the market value contribution of that feature, supporting dollar adjustments.
Related Utah Property Valuation Questions
- Depreciation in real estate appraisal refers to:
- Agricultural land in Utah used for farming may qualify for reduced assessment under:
- Accrued depreciation in the cost approach is the sum of:
- A comparable sale used in a Utah appraisal should ideally be:
- In Utah, the income capitalization approach uses the overall capitalization rate (OAR). The OAR is derived from:
- Which appraisal approach is most appropriate for a historic LDS chapel being converted to a commercial space in Salt Lake City?
- When making adjustments in the sales comparison approach, if a comparable property is superior to the subject in a given feature, the appraiser:
- The economic life of an improvement in Utah appraisal refers to:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →