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URL:https://www.learndesk.us/class/4746122453057536/lesson/1ea2b09d23cf74edf943e11c2f8ba78d?ref=outlook-calendar
SUMMARY:The Sales Comparison Approach
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/1ea2b09d23cf74edf943e11c2f8ba78d?ref=outlook-calendar
DESCRIPTION: 
Steps in the approach
Identifying comparables
Adjusting comparables
Weighting comparables
Broker's comparative market analysis

The sales comparison approach, also known as the market data approach, is used for almost all properties. It also serves as the basis for a broker's opinion of value. It is based on the principle of substitution-- that a buyer will pay no more for the subject property than would be sufficient to purchase a comparable property-- and contribution-- that specific characteristics add value to a property.
The sales comparison approach is widely used because it takes into account the subject property's specific amenities in relation to competing properties. In addition, because of the currency of its data, the approach incorporates present market realities.
The sales comparison approach is limited in that every property is unique. As a result, it is difficult to find good comparables, especially for special-purpose properties. In addition, the market must be...

https://www.learndesk.us/class/4746122453057536/lesson/1ea2b09d23cf74edf943e11c2f8ba78d?ref=outlook-calendar
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