Key Takeaways
- Advanced techniques are needed for unique properties, thin markets, portfolios, and litigation.
- Regression analysis provides statistically derived adjustment values from large datasets.
- Mass appraisal and AVMs use statistical methods to value properties at scale.
- Understanding AVM methodology helps investors interpret automated values intelligently.
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Test Your Knowledge
1.In Advanced Comparable Sales Techniques, what determines the reliability of a comparable sale?
2.What is the maximum recommended net adjustment for a single comparable sale?
3.How should the final value be determined from multiple adjusted comparable sales?