Property & OwnershipQuestion 89 of 120
The most common method an appraiser uses to value a single-family home is the:
a.Income capitalization approach
b.Sales comparison (market) approach
c.Gross rent multiplier only
d.Assessed value approach
Explanation
The sales comparison approach values a home by comparing it to recent sales of similar nearby properties, with adjustments for differences. The income approach is used mainly for investment property, and the cost approach for special-purpose or new construction.
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