In the sales comparison approach, what is the final step?

• A. Reconcile into a single value or range of value
• B. Verify data
• C. Find recent comparable sales and listings
• D. Select relevant units of comparison

Answer: (A)

Reconciliation is the final step in the sales comparison approach: after identifying comparables and adjusting their sale prices to reflect differences with the subject property, you blend those adjusted values into a single value or a reasonable range. This synthesis weighs the quality and relevance of each comparable and considers timing and market conditions, producing the most supportable estimate of value. The goal is to move from multiple data points to a coherent conclusion rather than relying on any single price. Earlier steps—verifying data, finding recent comparables, and selecting units of comparison—are about gathering and shaping accurate, relevant inputs; reconciliation is what ties those inputs together into a final estimate.