Property Valuation
In Wyoming, the 'matched pairs' analysis is an appraisal technique used to:
AMatch comparable sales with each other for comparison
BIsolate the contributory value of a specific property feature by comparing sales that differ only in that feature✓ Correct
CPair properties in the same subdivision to determine uniformity
DCalculate the average value of matched investments
Explanation
Matched pairs analysis compares sales of properties that are identical except for one feature (e.g.
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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