Property Valuation
A Mississippi appraiser determines that a comparable sale occurred nine months ago and the market has since appreciated 3%. The time adjustment would be a:
ANegative adjustment to the comparable
BPositive adjustment to the comparable✓ Correct
CNo adjustment is needed for time
DNegative adjustment to the subject
Explanation
If the market has appreciated since the comparable sold, the comparable's value is understated compared to current market conditions. A positive time adjustment is added to the comparable to bring its value up to the current effective date.
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