Many residential appraisals don’t require the application of the cost approach, but there are situations where separate value opinions for land and improvements are necessary. In certain circumstances, the sales comparison approach is hampered by a shortage of sale properties that are truly comparable to the subject. Experienced appraisers recognize that a peculiar improved property sale may wholly reflect land value. They also know how to analyze outlier sales to support both vacant and improved property value opinions.
https://www.bostonappraisal.com/wp-content/uploads/2019/05/Is-That-Improved-Comparable-Sale-Actually-a-Land-Sale_-min.jpg 450 810 Admin https://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.png Admin2019-02-04 08:00:172019-05-27 02:43:35Is That Improved Comparable Sale Actually a Land Sale?