For a property appraisal, what type of analysis would be conducted to determine marketability?

Marketability analysis involves evaluating how easily a property can be sold in the current market, which encompasses analyzing factors such as location, condition, competition, and the economic environment. The appropriate type of analysis for determining marketability is a market value appraisal.

This analysis focuses specifically on establishing the property's value in the context of the market conditions at a particular time, considering comparable sales and buyer demand. It reflects what a buyer would be willing to pay for the property, which directly correlates to marketability.

In contrast, the cost approach and income approach analysis serve different purposes. The cost approach estimates value based on the cost to replace or reproduce the property minus depreciation, while the income approach is used primarily for investment properties to determine value based on the income they generate. The sales comparison approach is also valuable, but it is typically one component of a market value appraisal rather than a standalone analysis specifically aimed at determining marketability. Each of these methods brings its own insights, but for marketability, the focus must be on market value appraisal.