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About the Book

"The Art and Science of Comparable Sales Analysis in Property Valuation" presents a distinctive and comprehensive approach to property valuation. By blending statistical rigor with traditional valuation principles, the book offers a structured three-step process that overcomes the challenges of subjective adjustments in comparable sales analysis. This innovative method offers a more objective and systematic approach to determining property values, thereby enhancing the accuracy and reliability of valuations.

This book offers a sophisticated framework for conducting comparable sales analysis. It utilizes large datasets and incorporates time as a critical variable in the analysis. Using correlation matrices and multiple regression analysis to establish consistent coefficients and adjustment matrices enhances the credibility of the valuation model while reducing the subjectivity of adjustments. Moreover, the book delves into various comparable-based valuation methodologies, such as Least Adjustment, Sales Recency, and Geographic Proximity. These practical insights guide the reader in selecting the most relevant and accurate comparable sales data for deriving property valuations. The application of these methodologies to various property types and geographical scales further demonstrates the versatility and effectiveness of the methodology in generating defensible property valuations.

Overall, "The Art and Science of Comparable Sales Analysis in Property Valuation" will be a valuable resource for real estate professionals, analysts, and appraisers looking to improve their property valuation practices by adopting a more informed and systematic approach to comparable sales analysis.

About the Author

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