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Adjustments for appreciation/depreciation should always be made for comparable sales regardless of how recently it sold.

a) True
b) False

User AdamKG
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1 Answer

7 votes

Final answer:

Adjustments for appreciation/depreciation are not always necessary if a property was sold recently and market conditions have remained the same. Each case requires individual assessment.

Step-by-step explanation:

The statement that adjustments for appreciation/depreciation should always be made for comparable sales regardless of how recently a sale occurred is false. It is essential to consider the current market conditions when evaluating a property's value.

If a property was sold very recently and there have been no significant market changes since the time of the sale, an adjustment for appreciation or depreciation may not be necessary. Each property and sale is unique, and all aspects should be considered on a case-by-case basis.

User Merichle
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