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Approaches to valueThree approaches are commonly used by an appraiser when estimating the value of a property. They are: the direct sales comparison approach, the cost approach and the income approach.
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Approaches to valueUsed by an appraiser to estimate the value of real estate. The three approaches are: cost approach, income approach and market data approach.
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Approaches to valueSystematic procedures used to derive value indications in real property appraisal. (See also: cost approach, income capitalization approach, sales comparison approach, below.)
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