The "sales comparison approach" is the most popular way to figure out the value of raw land since it doesn't involve calculating the cost of any improvements or the income the land produces.
These are questions that the above text answers:
1. What is the most popular approach for determining the value of raw land?
2. Why is the sales comparison approach preferred for valuing raw land?
3. What factors are not considered when using the sales comparison approach for valuing raw land?
4. What are the benefits of using the sales comparison approach for valuing raw land?
5. What does the sales comparison approach for valuing raw land not involve?
6. What are the limitations of the sales comparison approach for valuing raw land?
7. What are the alternatives to the sales comparison approach for valuing raw land?
8. How does the sales comparison approach differ from other methods of valuing raw land?
9. What are the key considerations when using the sales comparison approach for valuing raw land?
10. How does the sales comparison approach simplify the valuation process for raw land?