Property Valuation
In a comparative market analysis (CMA), when a comparable property has a feature the subject property lacks (e.g., a pool), the appraiser/agent should:
AA. Adjust the subject property's value upward
BB. Adjust the comparable's price downward to reflect what it would have sold for without the pool✓ Correct
CC. Reject the comparable entirely
DD. Divide the pool's value between subject and comparable
Explanation
When a comparable has a superior feature (pool) that the subject lacks, the comparable's price is adjusted downward. This adjustment estimates what the comparable would have sold for if it lacked the pool, making it comparable to the subject.
Related Georgia Property Valuation Questions
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