Definition: The appraiser's evaluation of the reliability and relevance of valuation evidence to reach a supported final value opinion.
Example
An appraiser places greater weight on a well-supported sales comparison result than on a less reliable income estimate for an owner-occupied home.
Keep the distinction clear
Reconciliation is reasoned judgment, not automatically an arithmetic average of the values indicated by different approaches.
Related terms
Sales Comparison Approach · Income Approach · Cost-Depreciation Approach
Keep studying
References: California DRE: appraisal and valuation
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