The market approach, also known as the sales comparison approach, is a method used to value an asset based on the selling price of similar assets in the marketplace. This valuation technique is widely used in real estate and business valuation.
The Market Comparison Approach, also known as the Sales Comparison Approach, is a method used in real estate appraisal to determine the value of a property by comparing it to similar properties that have recently been sold in the same area.
The Sales Comparison Approach is one of the three primary appraisal methodologies used to value property by comparing it to similar recently sold properties. It's also known as the Market Comparison Approach.
