Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have calculated the indicated value of a house using the sales comparison approach and the income approach. Because the house is located in a

image text in transcribed
You have calculated the indicated value of a house using the sales comparison approach and the income approach. Because the house is located in a neighborhood with only a few rentals, you have decided to give 90% wight to the sales comparison approach. Given the following numbers, calculate the final estimate of value. $250,000 (Indicated Value from Sales Comparison Approach) $280,000 (Indicated Value from Cost Approach) $263,000 $250,000 $300,000 $280,000 $253,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Beginners Swing Trading Bible

Authors: Joe Dichristophoro

1st Edition

154241735X, 978-1542417358

More Books

Students also viewed these Finance questions

Question

What are you going to do?

Answered: 1 week ago