The market (sales comparison) approach to value is most important for determining the value of:

Question

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The market (sales comparison) approach is most commonly used to determine the value of existing residential homes. This approach involves comparing the subject property to recent sales of similar properties in the same area. It is less effective for special purpose properties, commercial properties, and income-producing properties, which often require more complex valuation methods.

The Market (Sales Comparison) Approach to Value Is Most Important