Property Valuation
An Ohio appraiser determines a comparable sale involved seller financing at below-market rates, making the price higher than it would have been with typical financing. The appraiser should:
AUse the sale as-is without adjustment
BMake a downward (cash equivalent) adjustment to the comparable's price to reflect what it would have sold for with market-rate financing✓ Correct
CDiscard the sale entirely
DOnly report this in a footnote
Explanation
Favorable financing inflates the sale price. The appraiser must make a cash equivalency adjustment — reducing the comparable's price to what it would have been with market-rate financing — for a fair comparison.
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