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The direct comparison approach is based on the theory that an informed purchaser would pay no more for a property than the cost of acquiring another existing and equivalent property. The value estimate is based on the selling price and listings of comparable properties. |
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What is the income approach appraisal method |
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The income approach relates to income-producing property and is based on the theory that value is the present worth of the income stream which the property is capable of producing when developed to it's highest and best use. The net operating income from the property is capitalized into value by an appropriate method and rate.
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© 2008 Real Estate Appraiser BC Appraisals Inc. Norfolk Port Dover Simcoe Ontario
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