Property Valuation
In the sales comparison approach, adjustments are made to the comparable properties because:
AA. The appraiser wants to match the subject's listing price
BB. Comparable sales rarely exactly match the subject property and must be adjusted for differences✓ Correct
CC. The county requires adjustments for tax purposes
DD. Lenders require all comps to be within 5% of each other
Explanation
In the sales comparison approach, adjustments bring comparable sales in line with the subject property. If a comp has a feature the subject lacks, the comp is adjusted downward (and vice versa). The goal is to estimate what the comp would have sold for if it were like the subject.
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