The best approach is a case to case decision. I can say usually with residential property the sales comparsion is. There are times when the cost approach is needed and given more consideration than the sales comparison approach.
when an appraiser completes the appraisal he/she will address which of the three approaches, if not all of them were used and will provide reason to why one or two were not used if they were not.
when an appraiser completes the appraisal he/she will address which of the three approaches, if not all of them were used and will provide reason to why one or two were not used if they were not.
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