Property Valuation
An adjustment for market conditions (time adjustment) in the sales comparison approach accounts for:
ALocation differences between comparable and subject
BChanges in market values between the date of a comparable's sale and the effective date of the appraisal✓ Correct
CPhysical differences in property features
DDifferences in financing terms
Explanation
A market conditions (time) adjustment accounts for appreciation or depreciation in market values between the sale date of a comparable property and the effective date of the appraisal.
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