Market Data Approach
Definition of "Market data approach"
Analysis of a real estate sales data to appraise real estate values. Sources of real estate sales data used in the market data approach include the official records of deeds and leases available in county clerks' offices and local assessors' offices. Other sources include the real estate agents involved in specific real estate transactions, principals to real estate sale, published transaction records and newspapers. The real estate market data must be analyzed to determine comparability in order to reach a valid appraisal value.
Popular Real Estate Terms
See annuity due. ...
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Assures that the title is free of any legal claims including encumbrances. It includes covenants of seizin, freedom from encumbrance, express warranties of title, right to quiet enjoyment, ...
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