Property Valuation
A comparable sale that sold 18 months ago may require a time (market conditions) adjustment because:
AAlabama law requires adjustments for all sales over 6 months old
BMarket values may have changed since the comparable sold✓ Correct
COlder sales always have higher values
DAppraisers cannot use sales more than 12 months old
Explanation
A time adjustment (also called a market conditions adjustment) accounts for changes in property values between the date a comparable sold and the date of the subject property's appraisal.
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