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.

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