Join host John Mayfield, renowned as "The Real Estate Tech Guy," in the second episode of the Valuation and Appraisal series, brought to you by Global Real Estate School. This highly informative podcast delves deep into the Sales Comparison approach, a fundamental technique in real estate valuation and appraisal known as the market data approach.
Listeners will gain invaluable insights into this approach's methodology, principles, and practical application, providing a solid foundation for success in the PSI real estate exam.
Through compelling real-life examples and case studies, John demonstrates how the Sales Comparison approach enables appraisers to determine the value of a property by comparing it to similar properties that have recently sold. John discusses the crucial factors to consider when selecting and adjusting comparables, analyzing market trends and conditions, and accounting for variations in property features, location, and other relevant factors.
Whether you're a real estate professional seeking to deepen your understanding of valuation and appraisals or an aspiring licensee preparing for the PSI real estate exam, this episode offers a wealth of knowledge and practical advice. Tune in to gain a comprehensive grasp of the Sales Comparison approach and equip yourself with the tools to excel in the field of real estate appraisal.
Stay tuned for the Valuation and Appraisal series, where John Mayfield continues to unravel other essential approaches and concepts in the fascinating world of real estate valuation to help you pass the real estate examination.
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