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Which of the following approaches of value would be given the greatest weight in the appraisal of a residential property?The market data or sales comparison approach is the most effective and most weighted approach in the appraisal of residential property.
What is the most used approach for an appraisal?Sales comparison.
This is the most common method, where appraisers value a property based on the recent selling prices of similar properties in the same neighborhood.
Which method of appraisal is most often used for appraising income producing properties?How the Income Approach Works. The income approach is typically used for income-producing properties and is one of three popular approaches to appraising real estate. The others are the cost approach and the comparison approach.
What method of appraising would be most effective when appraising a vacant parcel of land?The most reliable procedure for arriving at a land value estimate is sales comparison. Sales of similar vacant parcels are analyzed, compared and related to the land being appraised.
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