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Discuss your understanding of determining value for a real estate property using the Sale Comparison Approach,...

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Finance

Discuss your understanding of determining value for a realestate property using the Sale Comparison Approach, the CostApproach and the Income Approach from both the residential(personal home) perspective and the commercial investment propertyperspective.

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There are basically three ways for valuation of a real estate property Sale comparison method The sale comparison method is based on the idea that the price of the property in the location would be similar to the other properties being sold in the locality When an investor is going to buy a property then he would not be willing to pay more than the sale price of similar properties in the locality The logic is    See Answer
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