|•||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.|