Property Valuation
A Florida appraiser is using paired sales analysis to extract a market adjustment for a swimming pool. The appraiser should:
AUse the cost to build a pool as the adjustment
BFind two comparable sales that are identical except one has a pool and one does not, and use the price difference✓ Correct
CSurvey buyers about their willingness to pay for a pool
DUse the county's assessed value increment for pools
Explanation
Paired sales analysis involves finding two nearly identical sales that differ only in one feature (here, a pool). The price difference between the two sales represents the market's reaction to that feature. For example, if two identical homes sold for $350,000 (with pool) and $335,000 (without pool), the market indicates a $15,000 adjustment for the pool.
Related Florida Property Valuation Questions
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