Property Valuation
A South Carolina appraiser identifies a comparable sale that closed 18 months ago. The appraiser should:
AReject it automatically as too old
BUse it with a time adjustment to reflect current market conditions✓ Correct
CUse it without adjustment if in the same neighborhood
DUse it only in the cost approach
Explanation
Older comparable sales can still be used, but the appraiser must apply a time adjustment to account for market appreciation or depreciation since the sale date.
Related South Carolina Property Valuation Questions
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