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One Concern of Appraisers When Using the Sales Comparison Approach

question 9

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One concern of appraisers when using the sales comparison approach is that financing benefits paid for by a seller of a property may result in a selling price for the comparable property that is lower than the market value.


Definitions:

Valued Resources

Resources that are given importance or value by individuals or societies, which can include material goods, services, information, or status.

Collective Actors

Groups or entities that act together with a shared purpose or intention in social or political arenas.

Reality Proposition

A statement or assertion that can be tested and verified to determine its truth in relation to reality or empirical facts.

Aggression-Approval

Describes a situational response wherein acts of aggression are met with approval or consent, often studied in social psychology.

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