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Your current appraisal assignment involves a four - bedroom, three - bath home in an established neighborhood. Comparable properties with the exception of the house
Your current appraisal assignment involves a fourbedroom, threebath home in an established neighborhood. Comparable properties with the exception of the house next door have been selling for between $ and $
a Comparable # is similar to the subject property except that it only has three bedrooms. If you believe a bedroom is worth $ then what is the necessary adjustment should be
b Comparable # was built by the same builder as the subject property and is very similar to it except that it sold six months ago for $ in a very active market where values are increasing annually. What is a proper time adjustment?
c If similar properties in the neighborhood are selling for between $ and $ and if the subject property appraises within this range of value, then on which basic value principle is used?
d If comparable # was a transaction between parents and child, then are you still going to use comparable # as your comparable property? Why?
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