anita is assigned to appraise a house in an area with very few sales over the past year. one of the comparable properties she ch

Question

2 years ago

13

anita is assigned to appraise a house in an area with very few sales over the past year. one of the comparable properties she ch

ooses is a home similar to the subject property. the house recently sold as a foreclosure property. when writing her appraisal report, what action will anita take as a result of the foreclosed sale?

Business

1 answer:

Vaselesa [24] · Answer 1 · 2024-01-27T03:53:13+03:00

The action that Anita would have to take for the result of the foreclosed sale would be to Make a positive adjustment to the sales price of the foreclosed home.

<h3>What is a house appraisal?</h3>

This is the term that is used to refer to the unbiased opinion that Anita is going to have about this house. It is based on her professional opinion. The appraisal is required when there is a need to buy a property or to sell one.

In this question the action that has to be taken would be to Make a positive adjustment to the sales price of the foreclosed home.