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Reconciliation |
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Reconciliation |
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Reconciliation includes
| • | Summarization of the results of each of the approaches to value |
| • | Weighting of the validity of each approach |
| • | Arrival at the final conclusion of value |
Reconciliation is the last phase of any valuation assignment in which two or more value indications derived from market data are resolved into a final value opinion, which may be either a final range of value or a single point estimate.
In the sales comparison approach, reconciliation may involve two levels of analysis:
| 1. | Derivation of a value indication from the adjusted prices of two or more comparable sales expressed in the same unit of comparison |
| 2. | Derivation of a value indication from the adjusted prices of two or more comparables expressed in different units of comparison. |
Page url: http://www.georgiaappraiser.com/db/glossary/index.html?reconciliation.htm
