Property Valuation
In the sales comparison approach, if a comparable sale has a finished basement and the subject does not, the appraiser should:
AAdd the value of the basement to the subject
BSubtract the value of the basement from the comparable sale to adjust it down toward the subject✓ Correct
CIgnore the difference if the homes are otherwise similar
DReject the comparable as unusable
Explanation
When the comparable is superior to the subject (has a finished basement that the subject lacks), the appraiser deducts the estimated value of that feature from the comparable. The rule: 'CBS' (Comparable Better than Subject = Subtract from comparable). This aligns the comparable's adjusted value with the subject.
Related Minnesota Property Valuation Questions
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