In the sales comparison approach to appraisal, adjustments for differences in features are made to which properties?
Correct Answer
B) The comparable properties only
In the sales comparison approach, adjustments are always made to the comparable properties, never to the subject property. If a comparable is superior to the subject in some feature, a negative adjustment is made to the comparable's price; if it is inferior, a positive adjustment is made. The goal is to estimate what each comparable would have sold for if it were identical to the subject property.
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