Property Valuation
A Kentucky appraiser who identifies a comparable sale that occurred 18 months ago in an appreciating market should:
AUse the sale without adjustment
BMake a market conditions (time) adjustment to account for appreciation since the sale date✓ Correct
CExclude the sale as too old
DDouble the adjustment factor automatically
Explanation
In an appreciating market, older comparable sales need upward adjustments for market conditions (time adjustment) to reflect the higher values at the effective date of the appraisal.
Related Kentucky Property Valuation Questions
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