Property Valuation
An appraiser using the sales comparison approach in Northern Virginia adjusts a comparable sale for a feature the subject property has but the comparable lacks. This adjustment is:
ASubtracted from the comparable's sale price
BAdded to the comparable's sale price✓ Correct
CApplied to the subject property's estimated value
DIgnored if under 5%
Explanation
In the sales comparison approach, adjustments are made to the comparable, not the subject. If the comparable lacks a feature the subject has, a positive adjustment is added to the comparable's sale price.
Related Virginia Property Valuation Questions
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