The sales comparison approach is based primarily on the principle of substitution. This approach assumes a prudent (or rational) individual will pay no more for a property than it would cost to purchase a comparable substitute property. The approach recognizes that a typical buyer will compare asking prices and seek to purchase the property that meets his or her wants and needs for the lowest cost. In developing the sales comparison approach, the appraiser attempts to interpret and measure the actions of parties involved in the marketplace, including buyers, sellers, and investors.
“His 25 years of experience as a professional real estate appraiser, combined with his state certification, and his memberships in many organizations for both Realtors and property appraisers, make him an exceptional candidate for this important office,” Montanari said. “Besides his experience, Mike has the intelligence, character, and the right demeanor to serve all residents of Pinellas County.
NOTICE: The Hillsborough County Property Appraiser’s office has released an addendum to its Invitation For Bid No. 8254, Full Hybrid (Gas-Electric) car leasing project. This addendum includes a revision to the minimum requirement for the Excess Wear & Tear Agreement, the removal of the requirement for a Non-Appropriation of Funds Clause, and an extension of both the Response Submittal Deadline and Tentative Award Date. For details of the addendum, please click here.
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