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TeachMeFinance.com - explain market data approach to value market data approach to value -- the estimation of the market value of a property by comparing it with similar properties in the general area that have sold recently under comparable conditions. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.