In the sales comparison approach to appraisal, adjustments for differences in features are made to which of the following?
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. The subject property is the standard against which comparables are measured. If a comparable is superior to the subject in a particular feature, a negative adjustment is subtracted from the comparable's sale price; if the comparable is inferior, a positive adjustment is added. This process brings each comparable's value in line with what it would have sold for if it were identical to the subject property.
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