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
One-story house with a low pitched roof often having an open floor plan. ...
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Major city in a metropolitan area. ...
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One who donated or gives a gift or bequest. ...
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Warming method using sunlight. It involves special glass panels. ...
Also called triple net lease. The lessee pays not only a fixed rental charge but also expenses on the tented property, including maintenance. ...
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