RES450 Week 3 DQ1
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Description
The Sales Comparison Approach Imagine that you are an appraiser and youve been given an assignment to appraise a single-family home in a suburban neighborhood. However, the client needs convincing about the approach youre planning to use. In 200 to 250 words: 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. Guided Response:Imagine that you are the client. Respond to at least two of your peers challenging the use of the sales comparison approach for this...