Property Valuation
In the sales comparison approach, the appraiser makes adjustments to the comparable sales to account for differences from the subject property. If a comparable has a feature the subject lacks, the adjustment is:
AAdded to the comparable's sale price
BSubtracted from the comparable's sale price✓ Correct
CAdded to the subject's estimated value directly
DIgnored if the difference is minor
Explanation
When a comparable sale has a superior feature that the subject property lacks, the appraiser subtracts from the comparable's price to make it equivalent to the subject. The rule: 'CBS' — Comparable Better, Subtract.
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