Which approach would most likely be used to appraise an apartment building? O Investment Method Sales Comparison Approach O Narrative Report O Income Approach
Which approach would most likely be used to appraise an apartment building? O Investment Method Sales Comparison Approach O Narrative Report O Income Approach
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Which approach would most likely be used to
appraise an apartment building?
O Investment Method
O Sales Comparison Approach
O Narrative Report
O Income Approach
Expert Solution
Introduction:
Appraisal is very important in the case of property as appraisal will lead to the approval of loans. There are various approaches used to appraise the property which are as follows:
- Sales Comparison Approach
- Income Approach
- Cost Appraisal Approach
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