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21 October, 12:15

Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lot. Which approach could be considered the most reliable for valuation?

a. cost approach

b. income approach

c. sales comparison approach

d. All are equally reliable.

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  1. 21 October, 12:34
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    Answer: Cost Approach

    Explanation:

    The best method Vincent should use for valuation is the cost approach.

    The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.
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