re 194 ass 12

Unit 12: The Sales Comparison Approach

  1. What is the Sales Comparison Approach, and why is it useful in appraisals?
  2. How do appraisers select comparable sales when valuing a property?
  3. What are the main types of adjustments appraisers make to comparables?
  4. How do appraisers decide if an adjustment should be positive or negative? Example: If the subject property has a garage but the comparable does not, should the adjustment be positive or negative?
  5. What is Paired Sales Analysis (PSA), and how does it help determine adjustments?
  6. What are the advantages and challenges of using the Sales Comparison Approach?

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