Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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: 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 conveyed: 0 Use: None Nonreelty items:-$4,400 Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable's final adjusted sale price? $157,281 $ 202,361 $ 204,601 $184,281 $ 213,491 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: 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 conveyed: 0 Use: None Nonreelty items:-$4,400 Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable's final adjusted sale price? $157,281 $ 202,361 $ 204,601 $184,281 $ 213,491

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Financial Services Marketing Handbook

Authors: Evelyn Ehrlich

2nd Edition

1118065719, 978-1118065716

More Books

Students also viewed these Finance questions