Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Let's say you are applying the sales comparison approach and you have the subject property and two comparable properties (A and B). Your subject property

image text in transcribed
Let's say you are applying the sales comparison approach and you have the subject property and two comparable properties (A and B). Your subject property was built 3 years ago, your comparable property A was built 8 years ago, and your comparable property B was built 2 years ago. The appraiser estimates that one has to make adjustments by $2,000 per year. Then, how much adjustment should you make to the two comparable properties? A) Increase the price of the comparable property A by $16,000 and decrease the price of the comparable property B by $4,000. B) Decrease the price of the comparable property A by $10,000 and increase the price of the comparable property B by $2,000. C) Decrease the price of the comparable property A by $16,000 and increase the price of the comparable property B by $4,000. D) Increase the price of the comparable property A by $10,000 and no adjustment is required for the comparable property B. E) Increase the price of the comparable property A by $10,000 and decrease the price of the comparable property B by $2,000

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 Dark Side Of Valuation

Authors: Aswath Damodaran

3rd Edition

0134854101, 9780134854106

More Books

Students also viewed these Finance questions

Question

Identify global safety and health issues.

Answered: 1 week ago

Question

Discuss health care in the global environment.

Answered: 1 week ago