Property Valuation
An appraiser adjusts comparable sales for time to account for:
AThe age of the comparable property
BMarket appreciation or depreciation since the comparable sold✓ Correct
CThe time it took to close the comparable transaction
DSeasonal variations in buyer demand
Explanation
Time adjustments in the sales comparison approach account for changes in market conditions between the date a comparable sale closed and the effective date of the appraisal. If the market has appreciated, older comparable sales are adjusted upward.
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