Question 7 (1 point) A property comparable to the single-family home you are appraising sold three months ago for $460,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction Characteristics Property Rights Conveyed: none Financing Terms: none Conditions of Sale: none Expenditures Immed. After Sale: $3,000 Market Conditions (monthly, not compounded): 0.5% Property Characteristics Location: 3% Physical Characteristics: -5% Economic Characteristics: none Use: none Non-Realty Components: -$5,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? Your Answer: Answer Hide hint for Question 7 Remember that when you are making adjustments using percents, you must use the most recent subtotal for each calculation. Question 8 (4 points) Show how you made adjustments to get the final adjusted sale price of the comparable. Make sure to explain this with words and numbers and show: 1. what is the correct order of adjustments? 2. what is the amount of each adjustment? Question 7 (1 point) A property comparable to the single-family home you are appraising sold three months ago for $460,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction Characteristics Property Rights Conveyed: none Financing Terms: none Conditions of Sale: none Expenditures Immed. After Sale: $3,000 Market Conditions (monthly, not compounded): 0.5% Property Characteristics Location: 3% Physical Characteristics: -5% Economic Characteristics: none Use: none Non-Realty Components: -$5,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? Your Answer: Answer Hide hint for Question 7 Remember that when you are making adjustments using percents, you must use the most recent subtotal for each calculation. Question 8 (4 points) Show how you made adjustments to get the final adjusted sale price of the comparable. Make sure to explain this with words and numbers and show: 1. what is the correct order of adjustments? 2. what is the amount of each adjustment