Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 A property comparable to the single-family home you are appraising sold 5 months ago for $188,500. You have determined that the adjustments required for
2 A property comparable to the single-family home you are appraising sold 5 months ago for $188,500. You have determined that the adjustments required for differences in the comparable and subject property are as follows: 15 points Market conditions: 3 percent per month. Physical characteristics: +$13,500 Location: -9 percent Financing terms: 0 Conditions of sale:-$1,600 Expenditures immediately after purchase -$2.226 Property rights conveyec: O Use: None Nonrealty items: -$4,400 00:11:29 Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable's final adjusted sale price? $ 157,281 $ 202,361 $ 204,691 $ 184,281 $ 213,491
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started