Question: A comparable property sold recently for $300,000. The comparable contained an estimated $5,000 in non-reality items. In addition. the appraiser estimates that market values (conditions)
A comparable property sold recently for $300,000. The comparable contained an estimated $5,000 in non-reality items. In addition. the appraiser estimates that market values (conditions) have increased a total of 4 percent since the sale of the comparable. What is the adjusted price of the comparable if the dollar adjustment for non-reality items is made before the market conditions adjustment? What is the adjusted price of the comparable if the percentage adjustment for market conditions is made before the adjustment for non-reality items? Show your work
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