The Sales Comparison Approach
Imagine that you are an appraiser and you’ve been given an assignment to appraise a single family home in a suburban neighborhood. However, the client needs convincing
about the approach you’re planning to use.
Explain why the sales comparison approach is best suited here.
Explain the important concepts behind the sales comparison approach.
Explain how you will decide if a sale is comparable.
Discuss what information about a comparable sale should be collected and how you plan to compare this data to the subject property.
Identify the major sources of market data available to you.
Outline the statistical techniques you can use to analyze sales.
Change in Zoning
You complete an appraisal and estimate a well-supported value
opinion; however, the client calls and informs you that the zoning
of the property may change. The client
now wants to know how the value would be affected.
How would the value conclusion of a given appraisal would change
if the property zoning was changed from residential to commercial
How would the land value analysis change
How can we determine if the property is in its highest and best use now that the land-use regulations have changed
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