Property Valuation
When appraising a property using the sales comparison approach, a Pennsylvania appraiser adjusts comparable sales for differences in:
AOnly the sale date and location
BAll physical, locational, and transactional differences between comparables and the subject✓ Correct
COnly square footage and bedroom count
DTax assessment values relative to the subject property
Explanation
In the sales comparison approach, appraisers adjust comparable sales for all significant differences from the subject property — including location, physical characteristics (size, condition, features), sale conditions (arms-length vs. non-arms-length), and time of sale. Adjustments are made to the comparable, bringing it to equivalence with the subject. The adjusted values are then reconciled to a final value opinion.
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