market approach

market approach. A method of appraising real property, by surveying the market and comparing the property to similar pieces of property that have been recently sold, and making appropriate adjustments for differences between the properties, including location, size of the property, and the dates of sale. — Also termed comparative-sales approach; market-comparison approach; market-data approach. Cf. COST APPROACH; INCOME APPROACH.

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词条贡献者

译者崇载，国际名校知识产权法专业，擅长翻译各种与知识产权相关的法律文件。