Property Valuation
In an appraisal, a comparable sale that is superior to the subject property requires the appraiser to:
AAdd an adjustment to the comparable's price
BSubtract an adjustment from the comparable's price✓ Correct
CUse the comparable without any adjustment
DDiscard the comparable
Explanation
When a comparable is superior to the subject (e.g., it has a larger lot), the appraiser subtracts from the comparable's price to bring it in line with the subject. The logic: the comparable sold for more because it was better.
Related Georgia Property Valuation Questions
- External (economic) obsolescence differs from functional obsolescence in that it is:
- When appraising a property, which approach to value considers the land value separately from the improvements?
- In Georgia, property is assessed for tax purposes at what percentage of fair market value?
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- An appraisal conducted for a federally related transaction must be performed by a:
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