Which set of approaches do appraisers utilize to determine property value?
Answer
Sales Comparison Approach, Cost Approach, and Income Capitalization Approach
Appraisers apply established valuation methodologies when determining worth, specifically citing the Sales Comparison Approach, the Cost Approach, and the Income Capitalization Approach in their required research.
Related Questions
What typically distinguishes a real estate broker from a sales agent?Due to shrinking information asymmetry from online portals, what is the agent's value proposition shifting toward?Which task is a core responsibility of a residential property manager?What is a primary financial focus for professionals in Commercial Property Management?What key phase often proves more challenging and time-consuming for real estate developers than the physical construction itself?How does the primary function of an Investment Analyst differ from that of an Appraiser?What is the primary function of an underwriter in the finance track?Which set of approaches do appraisers utilize to determine property value?What is the primary duty of a title examiner during a transaction?What specific elements are typically negotiated in complex commercial leasing agreements?