Property Valuation
An appraiser makes a positive adjustment to a comparable sale when the comparable:
AIs superior to the subject in the adjusted feature
BIs inferior to the subject in the adjusted feature✓ Correct
CSold more recently than the subject
DIs in the same neighborhood as the subject
Explanation
When the comparable is inferior to the subject property in a specific feature (e.g., fewer bathrooms), the appraiser adds a positive adjustment to the comparable's sale price to account for the subject's superiority.
Related Arkansas Property Valuation Questions
- A property's Gross Rent Multiplier (GRM) is calculated by dividing the:
- Direct capitalization in the income approach converts income into value by:
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