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Correlation and Conclusion of Value <br />The final determination of fair market value is achieved by analyzing the three approaches to value and <br />comparing the relative strengths and weakness of each. The indications derived from the three approaches <br />to value in this appraisal are as follows: <br />Indicated Value from Sales Comparison Approach $15,000 <br />Indicated Value from Income Approach N/A <br />Indicated Value from Cost Approach N/A <br />'['he Sales Comparison Approach is the primary approach that a prospective purchaser would consider <br />when purchasing a property of this type. 'Ibis type of user would not give consideration to the Cost or <br />Income Approaches to Value. Therefore, giving consideration to the Sales Comparison Approach to <br />Value, as it is the only applicable approach, I have correlated the indications to a Fair Market Value of <br />$15,000, as of October 15, 2024. <br />34 <br />C. P. BRAMAN & CO., INC. - acal EA.W Appmi.I., & Consuaing www, bw.. <br />