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COURSE SCHEDULES SALES COMPARISON APPROACH (Residential Sales Comparison and Income Approach Part 1) The Sales Comparison Approach is one of the three classic approaches to estimating the value of

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What is sales comparison approach?

The sales comparison approach is a method used to estimate the value of a property by comparing it to similar properties that have recently sold.

Who is required to file sales comparison approach?

Property appraisers and real estate agents are typically required to use the sales comparison approach when determining the value of a property.

How to fill out sales comparison approach?

To fill out a sales comparison approach, one must gather information on recent sales of similar properties in the area, make adjustments for differences between the subject property and the comparables, and analyze the data to determine an accurate value.

What is the purpose of sales comparison approach?

The purpose of the sales comparison approach is to provide an objective and reliable estimate of a property's value by comparing it to similar properties that have recently sold in the market.

What information must be reported on sales comparison approach?

The sales comparison approach typically requires information on the subject property, recent sales of comparable properties, adjustments made to account for differences between the subject property and comparables, and the final estimated value of the property.

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