What is determined after combining and assessing multiple appraisal approaches?

The final opinion of property value is derived from a comprehensive process that involves combining and assessing multiple appraisal approaches. In real estate valuation, appraisers typically utilize a variety of methods, such as the sales comparison approach, the cost approach, and the income approach, among others. Each of these methods provides different insights into the value of the property based on market data, replacement costs, or potential income generation.

By integrating these various approaches, the appraiser is able to reconcile differences and formulate a more accurate and reliable overall opinion of the property's value. This final opinion reflects the most informed valuation possible, taking into account the strengths and weaknesses of each method used. Thus, it effectively serves as a well-rounded assessment that considers various factors influencing property value, leading to a definitive conclusion.