Property Valuation
In the sales comparison approach, a comparable sale that sold 18 months ago would typically require:
ANo adjustment because sales over 6 months are discarded
BA time adjustment to reflect market changes since the comparable sold✓ Correct
CA location adjustment only
DA size adjustment based on square footage
Explanation
A time (market conditions) adjustment is made to comparables that sold in different market conditions than the current date. An older sale may need an upward adjustment if the market has appreciated since that sale.
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