Question

It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon the particular property type and use. Which of the following approaches would be most applicable when valuing an owner-occupied residential house.income approachdepositiondevalue

Answer 1

income approach

Step-by-step explanation:

Base on the scenario been described in the question, we can say that the approach the real estate professional used and is most applicable when valuing an owner-occupied residential house is income approach

The income approach, or the income capitalization approach, is a type of real estate appraisal method that allows investors to estimate the value of a property based on the income the property generates to them. It’s used by taking the net operating income (NOI) of the rent collected by the investors and dividing it by the capitalization rate. Which will give us the income approach