What term is used when an appraiser uses comparable properties to determine a range of values for a subject property?

The term "bracketer" refers to the practice of using comparable properties to establish a range of values for a subject property in the appraisal process. This method is fundamental in real estate appraisals, as it provides a framework for assessing value based on the sales prices of similar properties that have been sold in the area.

Bracketing entails identifying properties that are similar to the subject in terms of location, size, age, and condition, and then analyzing their sale prices to determine where the subject property fits within that range. This allows appraisers to arrive at a more precise estimate of value, reflecting the current market conditions and helping to ensure that the conclusion is backed by relevant, comparable data.

In contrast, retrospective analysis tends to focus on reviewing historical data and values, appraisal ratio involves comparing the appraised value to the sale price, and comparative analysis might imply a broader evaluation than the specific use of bracketing in appraisals. Each of these terms represents different aspects of real estate analysis and valuation but does not exactly fit the definition of determining a value range based on comparable properties as bracketer does.