ValuationAppraisal AdjustmentsMEDIUM
In the sales comparison approach, adjustments are always made to the:
Correct Answer
B) Comparable properties
In the sales comparison approach, adjustments are always made to the comparable property, never the subject. If the comparable is superior in a feature, its price is adjusted downward; if inferior, upward. This estimates what the comparable would have sold for if it were identical to the subject.
Answer Options
A
Subject propertyB
Comparable propertiesC
Both subject and comparable equallyD
Neither — no adjustments are neededWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
CBS-rulepaired-salesnet-adjustment
Key Terms:
adjustmentscomparableCBSnever subjectnormalize
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