Which method you use for valuation of the property

Question

Accepted Answer

I use the market approach method for property valuation.

Market approach method involves comparing the property to similar properties that have recently sold in the same area.
This method takes into account factors such as location, size, condition, and amenities of the property.
It is important to consider the current market conditions and trends when using this method.
Another method that can be used is the income approach, which calculates the value of the property based on its potential income generation.
The cost approach is also a common method, which estimates the value of the property by calculating the cost of replacing it with a similar property.
Ultimately, the choice of valuation method depends on the type of property and the purpose of the valuation.

Accepted Answer

Present Market Value method

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