Property Valuation
When comparing a comparable sale from 6 months ago in a rising Colorado market, the appraiser should make:
AA negative (downward) adjustment to the comparable
BA positive (upward) adjustment to the comparable for market conditions (time)✓ Correct
CNo adjustment since 6 months is not significant
DA negative adjustment to the subject property value
Explanation
In a rising market, an older comparable sale is less valuable relative to today's market. To make the comparable reflect current conditions, the appraiser adds a positive market conditions (time) adjustment to the comparable's sale price.
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