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You are reviewing an appraisal which in part includes the following sequence of adjustments to arrive at the adjusted price of a comparable sale: Transaction

You are reviewing an appraisal which in part includes the following sequence of adjustments to arrive at the adjusted price of a comparable sale:

Transaction price $105,000

Time +2,500

Time-adjusted price 107,500

Financing (based on todays market interest rate) - 3,200

Location +3,000

Other adjustments -4,400

Adjusted selling price $102,900

Critique this adjustment process.

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