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Question: There are three conventional approaches used to estimate the market value of real estate: the income approach, the sales comparison approach, and the cost approach. Chapter 7 discusses appraisal approaches and when it is appropriate to use each one. discuss which appraisal method should be used to value the property.
1 - State the appraisal method for each property and state your reasoning. The properties:
1) Shopping Center;
2) Retail/Restaurant;
3) House of Worship;
4) Single-Family House.
2 - Open the website
This website contains informative news, information sites for the appraisal inudustry professionals and has some really funny stories of appriaser property visits. Read and share the information from one article on the website pertinent to the industry.
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