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In Business / College | 2025-07-06

With the sales comparison approach, a property's value is compared to:
a. the value of other similar properties in the market.
b. the value of unimproved properties in adjoining neighborhoods.
c. the cost of tearing down the structure.
d. sales in foreign markets.

Asked by enrique0394

Answer (1)

The sales comparison approach values a property by comparing it to similar properties in the market. This method considers recent sales of comparable properties to determine a reasonable market value. Correctly, the answer is 'a'—the value of other similar properties in the market. ;

Answered by GinnyAnswer | 2025-07-06

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