A comparable sold for $295,000 and carries grid adjustments of +$6,000 for gross living area, -$8,000 for a garage, +$3,000 for site and -$4,000 for condition. What is the adjusted sale price?
Correct Answer
C) $292,000
Why this is correct: the grid is a signed sum applied to the comparable’s own price. Calculation: $295,000 + $6,000 - $8,000 + $3,000 - $4,000 = $292,000. Why the other choices are wrong: $316,000 adds all four regardless of sign and $274,000 deducts all four, each of which discards the direction the grid exists to record; $300,000 reverses the sign on the condition adjustment.
Why This Is the Correct Answer
Why this is correct: the grid is a signed sum applied to the comparable’s own price. Calculation: $295,000 + $6,000 - $8,000 + $3,000 - $4,000 = $292,000. Why the other choices are wrong: $316,000 adds all four regardless of sign and $274,000 deducts all four, each of which discards the direction the grid exists to record; $300,000 reverses the sign on the condition adjustment.
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