The sequence of adjustments to the transaction price of a comparable property would make no difference if all adjustments were dollar adjustments. However, if percentage adjustments are involved then the sequence does matter. In making adjustments to a comparable property to arrive at a final adjusted sales price, the proper sequence for the following adjustments would be:
A) Financing terms, market conditions, location.
B) Location, market conditions, financing terms.
C) Market conditions, location, financing terms.
D) Location, financing terms, market conditions.
Correct Answer:
Verified
Q5: The cost approach to valuation assumes the
Q6: Several techniques can be used to obtain
Q7: Favorable mortgage financing may have a significant
Q8: When employing the sales comparison approach, appraisers
Q9: While there is no specific number of
Q11: It may be appropriate for a real
Q12: As part of the data analysis step
Q13: Most appraisers would say that report writing
Q14: Real estate appraisers generally distinguish among the
Q15: Which of the following would be categorized
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents