Property Valuation
The most common appraisal approach used for single-family homes in the Wasatch Front area (Salt Lake City, Provo, Ogden) is:
AIncome approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier method
Explanation
The sales comparison approach is most commonly used for single-family residential properties because sufficient comparable sales data is available in active Utah markets.
Related Utah Property Valuation Questions
- Depreciation in real estate appraisal refers to:
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