Question

In analyzing comparable sales, an appraiser should

a. adjust the comparable sales to the subject property
b. adjust the subject property to the comparable sales
c. average all of the comparable sales and adjust the subject accordingly
d. none of the above

Answer 1

In analyzing comparable sales, an appraiser should adjust the comparable sales to the subject property.

Step-by-step explanation:

In analyzing comparable sales, an appraiser should adjust the comparable sales to the subject property. This is because the subject property is the property being appraised, and the comparable sales are used as a reference to determine the market value. By adjusting the comparable sales to match the subject property's characteristics, such as size, location, and features, the appraiser can accurately estimate the value of the subject property.

For example, if the subject property has a larger square footage than the comparable sales, the appraiser would adjust the prices of the comparable sales to reflect the higher value of a larger property.

Option (b) is incorrect because adjusting the subject property to the comparable sales would defeat the purpose of finding the market value of the subject property. Option (c) is also incorrect because averaging all of the comparable sales without making adjustments based on their differences from the subject property would not provide an accurate estimate of the subject property's value.