Property Valuation
What does 'market conditions adjustment' (time adjustment) in South Carolina appraisals correct for?
APhysical differences between properties
BChanges in market prices between the date of a comparable sale and the appraisal date✓ Correct
CLocation differences between properties
DDifferences in square footage
Explanation
A time adjustment (market conditions adjustment) accounts for the appreciation or depreciation in market prices between when a comparable sold and the effective date of the appraisal.
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