What is the main advantage of the Comparative Unit Method?

The main advantage of the Comparative Unit Method is that it is most widely used in mass appraisal. This method involves estimating property values based on the analysis of comparable properties, which makes it particularly effective for appraising large numbers of properties simultaneously. Since mass appraisal often requires the assessment of numerous properties in a relatively short time frame, the Comparative Unit Method allows appraisers to make quick, systematic evaluations based on standardized data.

This approach is especially valuable in circumstances where appraisals need to be conducted uniformly across a large area or a populous region, making it a preferred choice among assessors and appraisal professionals in various jurisdictions. It balances efficiency with accuracy, allowing for effective value determination without the intensive fieldwork required by other methodologies.