Property Valuation
A Kansas appraiser notes that a subdivision has deed restrictions limiting homes to a minimum of 2,000 sq ft. This information affects which adjustment in the sales comparison approach?
AA time adjustment for market conditions
BA location adjustment for the specific subdivision
CA possible adjustment for properties that do not meet the restriction if used as comparables✓ Correct
DNo adjustment is needed for deed restrictions
Explanation
If comparables in or out of the deed-restricted subdivision differ because of minimum size requirements, the appraiser must consider these differences in adjustments to ensure accurate comparisons.
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