Property Valuation
In the sales comparison approach, 'adjustments' are made to the comparable sales to account for differences between the comparables and the subject property. If a comparable sold for $350,000 but lacks a garage that the subject has (valued at $20,000), the adjusted sale price of the comparable is:
A$330,000
B$350,000
C$370,000✓ Correct
D$340,000
Explanation
When the comparable is inferior to the subject (it lacks a feature the subject has), you ADD the value of that feature to the comparable's sale price. $350,000 + $20,000 = $370,000.
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