Property Valuation
When using the sales comparison approach, which factor would an appraiser adjust for if the comparable sold 18 months ago in a rising market?
ALocation
BTime (market conditions adjustment)✓ Correct
CSquare footage
DNumber of bedrooms
Explanation
If the comparable sold in a rising market and prices have increased since then, the appraiser makes a positive time (market conditions) adjustment to bring the comparable's past sale price up to current market conditions, making it a better indicator of today's value.
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