Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please show work:) A comparable property sold recently for $170,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1%
Please show work:)
A comparable property sold recently for $170,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical Characteristics: +$12,500 Financing Terms: - $2,000 Conditions of Sale: none Property Rights Conveyed: none Use: none Non-Realty Components: -$3,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? Please show your work. In your answer, note whether the adjustments were already in the correct order or if they needed to be re-arranged. Show each adjustment 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