Property Valuation
A NJ appraiser states that a comparable sale is 'superior' to the subject in condition. To adjust for this, the appraiser would:
AAdd value to the subject
BMake a downward adjustment to the comparable's price✓ Correct
CDiscard the comparable
DIncrease the subject's cap rate
Explanation
When a comparable is superior to the subject, the appraiser adjusts the comparable's sale price downward to reflect what it would have sold for if it were more like the subject property.
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