Property Valuation
When an appraiser uses paired sales analysis in the sales comparison approach, the purpose is to:
AFind two properties with identical sale prices
BIsolate and measure the contributory value of a single feature by comparing otherwise identical sales✓ Correct
CConfirm that two comparable sales were arm's-length transactions
DPair a recent sale with a pending sale to establish trend direction
Explanation
Paired sales analysis uses two sales that are identical in all respects except one feature to isolate the market value contribution of that feature. For example, comparing sales of identical homes with and without a pool to quantify the pool's value.
Related Utah Property Valuation Questions
- In Utah's appraisal process, the final step of reconciliation requires the appraiser to:
- In Utah, Uniform Standards of Professional Appraisal Practice (USPAP) compliance is required for:
- A comparative market analysis (CMA) is used by Utah agents to:
- The cost approach to value is most reliable for:
- The principle of balance in Utah real estate valuation states that:
- A Utah appraiser's final value conclusion presented in a range (e.g., $395,000–$415,000) rather than a point estimate is:
- Agricultural land in Utah used for farming may qualify for reduced assessment under:
- A 'drive-by' or exterior-only appraisal in Utah is typically used for:
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