Appraiser Beware; The three approaches are related

[Tim The Enchanter]

$100 is a rounding error, statistically insignificant. Except when it's in my wallet.

This could make a good CE class or maybe QE class.

 

[Elliott]

The three approaches to value is an appraisal theory. Nothing wrong with an appraiser getting a few dozen sales and concluding this is how the market is looking at value. If an appraiser wants to prove the Cost or Income Approach, just show some evidence that is more credible than the Sales Comparison Approach.

 

[Terrel L. Shields]

just show some evidence that is more credible than the Sales Comparison Approach.

In agricultural property, it most likely is if you are pulling land values OYA. ... And I've seen a few of those, like the chicken farm on 80 acres done on a 1004.