Property Valuation
A New York appraiser using the sales comparison approach makes a negative adjustment to a comparable sale for a feature. This means the comparable property:
AIs inferior to the subject in that feature
BIs superior to the subject in that feature (so its value is reduced to reflect that it's better than the subject)✓ Correct
CSold for less than the subject property
DSold more than 6 months before the effective date of the appraisal
Explanation
When a comparable is superior to the subject in a particular feature (e.g., the comparable has a pool but the subject does not), the appraiser makes a negative adjustment to the comparable's sale price (reducing it) to reflect that the comparable's feature makes it more valuable than the subject. The rule is: if the comp is better, adjust down; if the comp is worse, adjust up.
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