Pros and cons of appraising properties

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Reference no: EM133102358

If you were appraising a typical duplex, triplex, or fourplex property in your area, which one or more of the approaches to value would you likely rely on: direct comparison, cost, and/or income? Explain why and in your answer:

(a) Discuss the pros and cons of each in appraising these properties; explain the market for these properties in your area, including the motivation and pricing behaviour of typical market participants.

(b) Interview at least two market participants, such as buyers, sellers, brokers, or property managers, and report how their experiences helped shape your answer.

Reference no: EM133102358

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