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. |
Example:
| 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.
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