What are the different method available for appraising the value of the real estate properties? Which method is applicable for certain circumstances for certain criteria and why?

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Different methods for appraising real estate properties and their applicability

Three common methods are sales comparison approach, income approach, and cost approach
Sales comparison approach is applicable for residential properties and involves comparing recent sales of similar properties in the area
Income approach is applicable for commercial properties and involves estimating the property's income potential and value based on that
Cost approach is applicable for new or unique properties and involves estimating the cost of rebuilding the property from scratch
The choice of method depends on the type of property, its intended use, and the availability of data
A combination of methods may also be used for a more accurate appraisal

What are the different method available for appraising the value of the real estate properties? Which method is applicable for certain circumstances for certain criteria and why?

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