Property Valuation
In New Mexico, a 'cash equivalency' adjustment in appraising a comparable sale accounts for:
AThe age of the comparable property
BBelow-market financing or seller concessions that may have inflated the sale price✓ Correct
CThe difference in lot size
DThe condition of the property
Explanation
If a comparable sold with below-market financing or seller-paid concessions, the sale price may be inflated compared to an all-cash equivalent. The appraiser makes a cash equivalency adjustment to reflect true market value.
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