Property Valuation
In NJ, the 'bracketing' technique in the sales comparison approach means:
AUsing only sales within 1 mile of the subject
BSelecting comparables both superior and inferior to the subject for each major feature to ensure the subject's value falls within the indicated range✓ Correct
CUsing only the three most recent sales
DLimiting adjustments to 10% per line
Explanation
Bracketing ensures that for each key feature, the appraiser includes at least one comparable that is superior and one that is inferior to the subject, so that adjustments bracket (surround) the subject and support the final value conclusion.
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