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Market Value

The market value approach to real estate appraisal usually compares several valuations of what other similar properties have sold for based on a comparison of physical location, quality of the property, economic characteristics and actual costs to rennovate or build the structure in addition to the cost of the land. It is generally not used on its own to value investment properties.

Related Topics:

  • income (investment) method
  • profit (accounts) method
  • development (residual) method
  • contractor's (cost) method
  • comparable method