7.6.9 Reconciliation of the Approaches to Value

A. Reconciliation involves the data, analyses, and value indications from each of the approaches to value that were developed. It also includes the information comprising the appraisal problem and the underlying analyses of the apartment market, the property’s location, and the property itself. All approaches must be internally consistent in order to achieve a reliable estimate of market value. The result of the reconciliation should be a well-reasoned value opinion that discusses conflicting issues and inconsistencies that were revealed by the research conducted and explains them such that a logical and credible conclusion is reached.