It may be appropriate for a real estate professional to use different approaches for estimating the market value of a property depending upon the particular property type and use. Which of the following approaches would be most applicable when considering the valuation of retail office space (i. e., which approach would receive the most weight in the valuation process) ?

Question

Social Studies

Soren Stokes

23 December, 13:34

It may be appropriate for a real estate professional to use different approaches for estimating the market value of a property depending upon the particular property type and use. Which of the following approaches would be most applicable when considering the valuation of retail office space (i. e., which approach would receive the most weight in the valuation process) ?

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Answers (1)

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Jamari Wiggins · Answer 1

Income approach

Explanation:

In the real estate industry, market or property valuation is conducting by using a specific approach which is called the Income approach. It is a simple approach used for fundamental financial appraisal like a project or business appraisal technique. Income approach is mainly used for commercial real estate appraisal and for bond and securities analysis.