| One of the key things that you need to know in | | | | itself being very inefficient and the significant error of |
| property marketing and education is the different | | | | data in market transactions. It is because of this that |
| approaches that are used in understanding | | | | appraiser make use of many approaches to reconcile |
| comparables. Comparables are used like the data in | | | | the varying opinion value in order to arrive with an |
| statistical sampling processes. From whatever it is | | | | appraiserâs opinion. |
| that are drawn and measured from the comparables, | | | | Comps are Market Comparable Analysis. And in order |
| it is used to estimate the opinion value. The downside | | | | for these comps to be used, certain approaches can |
| about using this kind of approach in determining the | | | | be utilized. |
| opinion value is the nature of the real estate market | | | | |