Valuation & AppraisalQuestion 49 of 120
An appraiser valuing a single-family home in an active subdivision would rely most heavily on the:
a.Cost approach
b.Income approach
c.Sales comparison approach
d.Gross rent multiplier
Explanation
The sales comparison approach values property by analyzing recent sales of comparable homes and adjusting for differences. It is the most reliable method for single-family residences where ample comparable sales exist. The income and cost approaches are more suited to investment or special-purpose properties.
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