Property Valuation
A West Virginia appraiser uses three comparable sales in the sales comparison approach: Comp 1 indicates $195,000, Comp 2 indicates $205,000, and Comp 3 indicates $200,000. The final value conclusion should be:
AThe average of all three: $200,000
BThe median: $200,000
CThe most reliable comparable, considering applicability and data quality✓ Correct
DThe highest comparable to maximize value
Explanation
The appraiser should place greatest weight on the most reliable comparable — the one requiring the fewest adjustments and best matching the subject property's characteristics. A simple average or median is not the correct approach for reconciliation.
Related West Virginia Property Valuation Questions
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