Final answer:
When applying the sales comparison method, and a comparable property is worth $10,000 more due to its newer condition, $10,000 should be subtracted from the comparable property to align its value with the subject property.
Step-by-step explanation:
When using the sales comparison method to appraise real estate, adjustments are made to the comparable properties to make them more equivalent to the subject property in question.
In the context provided, if a similar property is seen as worth $10,000 more because it is newer, the adjustment would be to subtract $10,000 from the comparable property. This is because we are attempting to align the value of the comparable property to the subject property, acknowledging that the subject property does not have this additional $10,000 in value because of its older age.
Therefore, the correct answer is: (d) Subtract $10,000 from the comparable property.
The sales comparison method is a common approach used in real estate to determine the value of a property by comparing it to similar properties that have recently sold. In this method, adjustments are made to the comparable properties to make them more similar to the subject property.
In this case, the comparable property is viewed as being worth $10,000 more because it is newer. To make the comparable property more similar to the subject property, we would add $10,000 to the subject property's value, representing the adjustment needed to account for the difference in age.