What are the 3 approaches to appraisalvaluation?O Sales Comparison approach, Financial approach,Future value approachO Market Analysis Approach, Highest and Best UseApproach, Cost ApproachO Sales comparison approach, Restricted approach,Narrative ApproachSales comparison approach, Cost approach,Income approach

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What are the 3 approaches to appraisal valuation?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter14: Valuation: Market-based Approach

Section: Chapter Questions

Problem 3QE

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Question

What are the 3 approaches to appraisal
valuation?
O Sales Comparison approach, Financial approach,
Future value approach
O Market Analysis Approach, Highest and Best Use
Approach, Cost Approach
O Sales comparison approach, Restricted approach,
Narrative Approach
Sales comparison approach, Cost approach,
Income approach

Expert Solution

Step 1

Appraisal valuation deals with valuation of a property. There are diffreent types of property and hence there are different types of valuation process and methods that are used.

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