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What is the sequence of adjustments recommended by the Appraisal Institute?

1 Answer

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Final answer:

The Appraisal Institute recommends a sequence of adjustments that includes identifying comparables, adjusting for differences, and analyzing the adjusted comparables.

Step-by-step explanation:

The Appraisal Institute recommends a specific sequence of adjustments when conducting an appraisal. The sequence includes:

  1. Identifying the comparables: This involves finding properties that are similar to the subject property being appraised.
  2. Adjusting for differences: Once the comparables are identified, adjustments are made to account for any differences between the subject property and the comparables.
  3. Analyzing the adjusted comparables: After making the necessary adjustments, the comparables are analyzed to determine the final value of the subject property.
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