sales comparison approach


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sales comparison approach

See market comparison approach.
References in periodicals archive ?
Using the sales comparison approach, the appraiser arrived at a value of $850,000 for the twelve lots.
In Vermont, the sales comparison approach works very well, says Larry Martin, MAI, owner of Martin Appraisal Services in Montpelier.
When the market sales comparison approach is applied, it is important to determine whether the sales have been adjusted to exclude business value.
Although the sales comparison approach is the most common and preferred method, the results obtained from mass valuation models are influenced by the number of market transactions used in the analysis and by the accuracy of the data, which are sales prices.
Residential General Certification Certification Influences on real estate value 5% 5% Legal considerations 5% 4% Types of value 5% 6% Economic principles 5% 6% Real estate markets & analysis 4% 5% Property description 11% 10% Highest and best use analysis 9% 9% Appraisal math & statistics 3% 4% Sales comparison approach 15% 10% Site value 5% 4% Cost approach 9% 6% Income approach 7% 15% Valuation of partial interest 1% 1% Appraisal standards & ethics 16% 15%
This text/workbook focuses on the sales comparison approach to value, with consideration of the appraisal process and principles as they apply to real estate markets.
The sales comparison approach compares the property being sold to similar properties.
He testified that the sales comparison approach showed that an undivided interest in land is valued at a 60% discount to the full value.
The sales comparison approach estimates market value by analyzing sales of similar properties and making logical adjustments for dissimilar characteristics.
The sales comparison approach looks at what other comparable facilities and properties are selling for, and the income approach bases the value on the amount of income the facility is expected to generate.
Derbes notes that owners of viable properties tend to continue operations and retain them, so the sales comparison approach is rarely applied to these viable properties because of a lack of sales comparables.
THE RECESSION AND SUBSEQUENT DECLINING MARKET, which is characterized by few transactions and falling real estate values, have made it difficult for appraisers to find comparable properties to analyze in the sales comparison approach.