Valuation & AppraisalQuestion 95 of 120
An appraiser making adjustments in the sales comparison approach adjusts the:
a.Comparable properties' prices to the subject, not the subject itself
b.Subject property's price to match each comparable
c.Buyer's mortgage rate
d.Local property tax rate
Explanation
In the sales comparison approach, the appraiser adjusts the sale prices of the comparables to account for their differences from the subject property. The subject is never adjusted because its value is unknown. If a comparable is superior, its price is adjusted downward, and if inferior, upward.
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