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market comparison approach |
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market comparison approach A method of appraising property by analyzing the prices of similar properties sold in the recent past and then making adjustments based on differences among the properties and the relative age of the other sale.More properly called the direct sales approach. See also comparables. The other two methods are the cost approach and the income approach. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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