Question: The rationale for the sales comparison approach is an informed investor would never pay more for a property than what other investors have recently paid

The rationale for the sales comparison approach is
an informed investor would never pay more for a property than what other investors have recently paid for comparable properties.
the value of a property is related to its ability to produce cash flow.
investors should pay no more than what is owed on the property plus the accrued equity.
investors will pay no more for a property than the present value of all future NOIs.
The rationale for the sales comparison approach is an informed investor

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