What numbers does the appraiser reconcile to determine the indicated value by the sales comparison approach for the subject property?

In the sales comparison approach, an appraiser analyzes recent sales of comparable properties to determine the value of the subject property. The reconciled value is based on the adjusted sales prices of those comparable properties. This adjustment accounts for differences between the subject property and the comparables, such as size, location, condition, and any other relevant factors. By making these adjustments, the appraiser can arrive at a more accurate and fair indicated value for the subject property.

The adjusted sales prices reflect the appraiser's efforts to account for variances and make the comparables as similar as possible to the subject property. This reconciliation process is crucial because it enhances credibility and reliability, ultimately leading to a justified value estimate for the subject property rooted in market activity.