Property Valuation
An appraiser in Charleston, WV is appraising a single-family home. Which approach to value is typically given the most weight for residential property?
ACost approach
BIncome approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
The sales comparison approach is typically given the most weight for residential property appraisals because there are usually sufficient comparable sales. The appraiser adjusts for differences between the subject property and comparable sales.
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