You practiced with the sales comparison approach in the learning activity. Now you will practice just seeing how homes compare and the adjustments that might have to be made to do a CMA. Select a home in your neighborhood or city to be the subject property, and then make a sales price comparison with two other properties that are similar to your subject property. What price would you give the subject property based on the prices of the two comparable properties you have chosen? What would you have to subtract or add in terms of value to the other properties to make them close to the price of the other two properties? Explain. When would you use a costing approach to value property?