Property Valuation
In Michigan appraisal, 'time adjustments' (market conditions adjustments) are positive when:
AThe comparable sold more recently than the subject's effective date
BThe comparable sold in the past and the market has appreciated since then, requiring an upward adjustment✓ Correct
CThe comparable is in better condition than the subject
DThe comparable sold for more than the subject
Explanation
Time/market condition adjustments are positive (increasing the comparable's adjusted price) when the market has appreciated since the comparable sold, because the comparable would sell for more if it sold today—the same period as the appraisal's effective date.
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