Property Valuation
A Connecticut appraiser is appraising a single-family home and has four comparable sales. Which adjustment principle applies when a comparable has a feature that the subject property lacks?
AAdd to the comparable's sale price
BSubtract from the comparable's sale price✓ Correct
CAdd to the subject property's value
DNo adjustment is needed
Explanation
When a comparable has a feature (e.g., a pool) that the subject lacks, the appraiser subtracts the value of that feature from the comparable's sale price. The adjustment is made to the comparable, not the subject. Inferior comparable = upward adjustment; superior comparable = downward adjustment.
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