Property Valuation
An appraiser making a paired sales analysis in NH finds that the only difference between two comparable homes is that one has a two-car garage and sold for $25,000 more. The appraiser would:
AIgnore this difference as too minor
BAdd $25,000 to properties without a garage and deduct $25,000 from properties with a garage as a market-derived adjustment✓ Correct
CUse the garage presence as grounds for rejecting both comparables
DReduce the value of all properties with garages by $25,000
Explanation
Paired sales analysis is used to isolate the contribution of a single feature to value. If the only difference between two similar sales is the presence of a garage and the price difference is $25,000, the appraiser uses $25,000 as the market-derived garage adjustment.
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