Property Valuation
A NJ appraiser notes that a comparable sale required an upward adjustment for having one fewer bedroom than the subject property. This means:
AThe comparable sold for more than the subject
BThe comparable sold for less than the subject and the adjustment brings the comparable's value up toward the subject's likely value✓ Correct
CThe subject is worth less than the comparable
DThe adjustment is always equal to one month's rent
Explanation
When a comparable is inferior to the subject (fewer bedrooms), the appraiser makes an upward (positive) adjustment to the comparable's sale price to account for the difference. This increases the comparable's adjusted value toward what it would have sold for if it had the same features as the subject.
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