The "comparative method" is the most common way to determine the value of an undeveloped piece of land or a property that hasn't been built on yet.
These are questions that the above text answers:
1. What is the most common method used to determine the value of undeveloped land or properties that haven't been built on yet?
2. How is the value of an undeveloped piece of land or property determined using the comparative method?
3. What is the purpose of using the comparative method in property valuation?
4. In what situations is the comparative method typically used in real estate?
5. What are some other methods used to evaluate the value of unbuilt properties?
7. What factors are considered when using the comparative method to determine the value of undeveloped land or properties?
8. How does the comparative method differ from other valuation methods in real estate?
9. Are there any limitations or drawbacks to using the comparative method in property valuation?
10. Can the comparative method be used to determine the value of developed properties as well?