ValuationAppraisal AdjustmentsMEDIUM
In the sales comparison approach, if a comparable property has a feature that the subject property lacks, the appraiser should:
Correct Answer
B) Subtract value from the comparable property's sale price
In the sales comparison approach, adjustments are always made to the comparable, not the subject. If the comparable has a feature the subject lacks, the appraiser subtracts the value of that feature from the comparable's sale price to make them more equivalent.
Answer Options
A
Add value to the subject propertyB
Subtract value from the comparable property's sale priceC
Ignore the differenceD
Discard the comparableWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Valuation Question
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Background Knowledge for Valuation
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Real World Application in Valuation
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Related Topics & Key Terms
Related Topics:
CBS-rulecomparable-selectionpaired-sales-analysisnet-adjustment
Key Terms:
adjustmentscomparableCBS rulesubtract superioradd inferior
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