Property Valuation
A Tennessee appraiser determines that a comparable sale requires a net adjustment of +$8,000 and the adjusted sale price is $265,000. What was the original sale price?
A$257,000✓ Correct
B$273,000
C$265,000
D$256,000
Explanation
If the net adjustment is +$8,000, it was added to the original sale price to arrive at $265,000. Original price = $265,000 − $8,000 = $257,000.
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