The Three Approaches to Value The appraiser considers three approaches to develop indications of value. These are: 9 Cost approach; 9 Sales comparison (market) approach; and 9 Income approach. All ...
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...The three approaches to value appraiser considers develop indications of these are cost approach sales comparison market and income all used arrive at an indication then reconciled into one final conclusion must understand basics involved in each have ability recognize pertinent data skill select proper method apply it specific problem county valuation systems use a combination rmv this combined process is called related primarily when valuing residential property step by that leads defendable supportable involves identification be appraised collection general social economic governmental environmental verification characteristics analysis highest best estimating reconciliation estimate elements appraisal any estimates can appraise types improved most reliable for unique properties provides sum estimated land plus depreciated building other improvements total constructing new today frequently sets upper limit assuming produces sound replacement or reproduction coupled with appropriate ...