Mass appraisal techniques, Market approach to value, Comparable sales adjustments, Computer software
This paper demonstrates how results of the sales comparison approach, developed suing mass appraisal technique, can be explained in a single-property appraisal format using off-the-shelf software. Comparable sales are automatically selected and line item dollar adjustments for differences between the comparables and the subject are displayed. Value indicants are revealed from each comparable, and a final value is correlated. The results serve as a check against the value developed via the mass appraisal model and as a means of explanation to the public.
Todora, Jim and Whiterell, David
"Automating the sales comparison approach,"
Assessment Journal: Vol. 9
, Article 2.
Available at: https://researchexchange.iaao.org/assessment_journal/vol9/iss1/2