Adjustments (In Appraisal)
Barron's Business Dictionary:
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Adjustments (In Appraisal)
Dollar value or percentage amounts that, when added to or subtracted from the sales price of a comparable, provide an indication of the value of a subject property.
Adjustments are necessary to compensate for variation in the features of the comparable relative to the subject.
Adjustments are necessary to compensate for variation in the features of the comparable relative to the subject.
| Adjusting Entry, Adjuster, Adjusted Gross Income (AGI) | |
| Administer, Administered Price, Administrative Expense |
Barron's Real Estate Dictionary:
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Adjustments (In Appraisal)
Dollar value or percentage amounts that, when added to or subtracted from the sales price of a comparable, provide an indication of the value of a subject property.
Adjustments are necessary to compensate for variation in the features of the comparable relative to the subject.
Example: An appraisal is to be made of a four-bedroom house. One comparable is similar in all salient characteristics, including total size, except that it has 3 bedrooms. This comparable sold for $100,000. The appraiser makes an adjustment of $1,000 to the com- parable to account for the difference of bedrooms. The adjusted sales price of the comparable is $101,000.
Adjustments are necessary to compensate for variation in the features of the comparable relative to the subject.
Example: An appraisal is to be made of a four-bedroom house. One comparable is similar in all salient characteristics, including total size, except that it has 3 bedrooms. This comparable sold for $100,000. The appraiser makes an adjustment of $1,000 to the com- parable to account for the difference of bedrooms. The adjusted sales price of the comparable is $101,000.
| Adjustments (closing), Adjustment Interval | |
| Administrator, Administrator’s Deed |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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