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While There Is No Specific Number of Comparables That Is

question 12

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While there is no specific number of comparables that is right for every appraisal assignment,how many comparable sales are considered adequate as long as the properties are very similar to the subject property?


Definitions:

Contractual Terms

The specific provisions or stipulations that define the agreement or contract, setting out the rights and obligations of each party.

Moral Principles

Fundamental beliefs regarding right and wrong behavior that guide an individual's actions and decisions.

Multiple Means

Refers to having various methods or ways to achieve a particular end.

Error Management Theory

A theoretical framework suggesting that humans have evolved biases in judgment and decision-making processes to minimize costly errors.

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