medium · National Real Estate Exam valuation
An appraiser is using the sales comparison approach. The subject property has a swimming pool, but the comparable property does not. The appraiser determines that a pool adds $15,000 to the value of a home in that area.
What adjustment should be made?
- No adjustment is needed because cost does not equal value
- Subtract $15,000 from the comparable property's sale price
- Subtract $15,000 from the subject property's value
- Add $15,000 to the comparable property's sale price
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