Final answer:
The URAR adjustments involve adding value for superior features that comparables have over the subject property and subtracting for defects or inferior features to create an accurate market value assessment.
Step-by-step explanation:
The adjustments made to the comparable sales in a Uniform Residential Appraisal Report (URAR) involve both additions and subtractions based on the features of the comparable properties as they relate to the subject property. Specifically:
- Additions are made for superior features that the comparable sales have which the subject property lacks. This means that if a comparable property has a feature that is more desirable or of higher quality than the subject property, the value of that feature is added to the comparable's sale price, suggesting that the subject property would have a higher value if it had the same feature.
- Subtractions are made for defects or inferior features within the comparable property when compared to the subject property. If the comparable sale lacks a feature or is inferior in some aspect compared to the subject property, the value of that defect or absence is subtracted from the comparable's sale price, indicating that the subject property's value should be higher as it lacks the defect or has a superior feature.
Thus, the correct option that explains the adjustments made is a) Additions for superior features, subtractions for defects. The goal of these adjustments is to provide a more accurate assessment of the subject property's market value by accounting for differences between it and the sold comparables.