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RES 450 Week 3 DQ 1

RES 450 Week 3 DQ 1

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RES 450 Week 3 DQ 1 -

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. In 300 to 350 words: 

  1. Explain why the sales comparison approach is best suited here.
  2. Explain the important concepts behind the sales comparison approach.
  3. Explain how you will decide if a sale is comparable.
  4. Discuss what information about a comparable sale should be collected and how you plan to compare this data to the subject property.
  5. Identify the major sources of market data available to you.
  6. Outline the statistical techniques you can use to analyze sales.

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