Qualitative Analyses in the Sales Comparison Approach Revisited
The Valuation Journal, 2015, vol. 10, issue 1, 4-37
Most practicing appraisers agree that when analyzing a group of five or six comparable sales with four or five value-influencing differences, it is often quite difficult to extract the appropriate adjustments through paired sales analysis. The appraiser's objective should be to simulate the actions and thought processes of the buyers who acquired the comparable sales. These buyers do not typically have a list of comparable sales on which they make plus and minus adjustments for the observed differences in formulating a purchase decision. They do, however, go through the process of qualitative analyses. This article attempts to demonstrate how easily qualitative analysis can lead to objective and market-supported quantitative adjustments.
JEL-codes: G32 R31 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:10:y:2015:i:1:p:4-37
Access Statistics for this article
The Valuation Journal is currently edited by Anamaria Ciobanu
More articles in The Valuation Journal from National Association of Romanian Valuers Contact information at EDIRC.
Series data maintained by Radu Pantelica ().