Question

A comparable property sold 3 months ago for $162,000. The market shows appropriate adjustments to be: Market conditions adjustment +$8,500 Location adjustment +$5,000 Quality adjustment -$10,000. What is the indicated net adjustment to the comparable property?

Answer 1

+$3,500

Explanation:

The net adjustment is the sum of the indicated adjustments that have to be made to a comparable property to get the final adjusted price.

In this question, Net adjustment = Market conditions adjustment +Location adjustment + Quality Adjustment

Net adjustment = +$8,500 + $5,000 + (-$10,000)

Net adjustment = +$13,500 - $10,000 = +$3,500

The final adjusted price will be $165,500 ($162,000 + $3,500)