An Adjustment is the dollar amount added to or subtracted from the sales price of a comparable sale to estimate the indicated value of the subject property based on the sale being adjusted.
|1.||Adjustments are made on differences between the subject property and comparable sale that have an impact on value.|
|2.||Adjustments may me made as percentage changes or dollar amounts.|
|3.||If the subject is inferior to the comparable sale, the adjustment to the comparable sale is negative.|
|4.||If the subject is superior to comparable sale, the adjustment to the comparable sale is positive.|
|1.||The comparable sale sold for $130,000. It has a bath with a contributory value of $3,000 that the subject property does not have.|
|2.||The subject property has a fireplace valued at $1,500 that the comparable sale does not have.|
|3.||The adjusted sale price of the comparable sale is $128,500 ($130,000 + $1,500 - $3,000).|
The value of the subject property as indicated by the adjusted sales price of this comparable sale is $128,500.