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There are 3
methods which
an appraiser
will utilize.
The Cost Approach
includes what
the necessary
replacements
or improvements
to the property
would cost.
The Comparison
Approach compares
the property
to others of
like size and
quality, within
the same general
location. The
income approach
considers what
an investor
would pay for
the property
based on the
net income produced.
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