Used by an appraiser to estimate the value of real estate. The three approaches are: cost approach, income approach and market data approach.

The procedures used by appraisers to derive value indications. The three fundamental approaches are (1) sales comparison approach, (2) cost approach and (3) income approach.

The various acceptable methods used by appraisers in deriving an estimate of value. There are three traditional approaches to value: (1) cost approach, (2) sales comparison approach, and (3) income approach.

systematic procedures used to determine values in real property appraisal. The most common approaches to value are the cost, income & sales comparison approaches to value.

Different methods by which appraisers estimate the value of a property. Include: (1) cost approach, (2) comparison approach, and (3) income approach.

Cost, Income Capitalization and Sales Comparison are the three approaches an appraiser can use to estimate the value of a property. The Cost approach estimates the value of a property by adding the value of the land plus estimated cost to construct/replace the improvement and then subtracting the estimated amount of depreciation from the current structure.The Income Capitalization approach estimates a property's capacity to generate income over a period of time and then converts that income into an estimate of the present value of the property.The Sales Comparison approach estimates the value of a property by comparing similar properties which have sold recently (comparables) and then making adjustments to the sale price of the comparables to account for differing characteristics.

Any of the following three methods used to estimate the value of real estate: cost approach, income capitalization approach and sales comparison approach.

Systematic procedures used to derive value indications in real property appraisal. (See also: cost approach, income capitalization approach, sales comparison approach, below.)