Property Valuation
An appraiser in Morgantown, WV uses the sales comparison approach and finds a comparable that sold for $220,000 but has a two-car garage worth $8,000 while the subject has no garage. The appraiser should:
AAdd $8,000 to the comparable's sale price
BSubtract $8,000 from the comparable's sale price✓ Correct
CIgnore the garage difference
DAdd $8,000 to the subject's value estimate
Explanation
In the sales comparison approach, adjustments are made to the comparable's sale price, not the subject. Because the comparable is superior (has a garage), the appraiser subtracts $8,000 from the comparable to make it equivalent to the subject.
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