Question

The subject property of an appraisal has only two bedrooms, but one of the comparables used in the appraisal has three. If the adjustment for a third bedroom is $5,000, the adjustment would be:

Answer 1

A $5,000 decrease to the comparable selling price is the answer.

If the adjustment for the third bedroom is 5000, then the adjustment should be done by subtracting 5000 from the similar selling price, and the price to compare will be a better price.

In the case of a sales appraisal model, It is constantly attempted  to increase or reduce the similar selling price, and therefore  will be attempted to decrease the comparable selling price by $5000.

Land valuation, property valuation, or real estate appraisal refers to the process of determining the market worth of a home or real estate.

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