In the sales comparison approach to appraisal, adjustments are made to which property?
Correct Answer
B) The comparable properties
In the sales comparison approach, adjustments are always made to the comparable sale properties, never to the subject property. The subject property is the standard against which comparables are measured. If a comparable is superior to the subject in a given feature, a negative adjustment is applied to the comparable's price; if the comparable is inferior, a positive adjustment is applied. This process brings each comparable's value in line with what it would have sold for if it were more like the subject property.
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