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
Person's title to real estate giving him exclusive power and rights owner it. ...
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Series of intersecting lines dividing a map or chart into equal sections. Series of intersecting bars, wires or support as in a grating or supports in a dropped ceiling. ...
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