Final answer:
True. Estimating the market value of a home by multiplying the number of square feet by the average price per square foot of similar homes in the area is a commonly used method.
Step-by-step explanation:
True
Estimating the market value of a home by multiplying the number of square feet by the average price per square foot of similar homes in the area is a commonly used method. This method assumes that similar homes in the area have comparable features and condition, which can affect their market value. By using this approach, you can get a rough estimate of the market value of a home based on the average price per square foot in the area.