medium · National Real Estate Exam valuation
Elliot Irwin, a property manager, encounters this situation: A comparable sale lacks a garage that the subject property has, and all else is equal.
Which response is most consistent with national real-estate principles?
- Adjust the comparable’s sale price upward for the feature it lacks.
- Adjust the subject’s price downward.
- Adjust the comparable downward because it is inferior.
- Make no adjustment because garages are physical rather than financial.
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