Self Help Documentation

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Market Data Approach

An appraisal valuation approach, also called the Sales Comparison Approach, which is used to develop an indication of value for a property by compiling data on properties which are comparable to the subject property and which recently sold.

An adjustment is made to the selling price to account for differences in time, location and property characteristics between the comparables and the subject property. The adjusted sale prices should provide an indication of value for the subject property.

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