Question: Question 9 (1 point) A comparable property sold recently for $154,000. The adjustments for the various elements of comparison have been calculated as follows: Location:

Question 9 (1 point) A comparable property sold recently for $154,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical Characteristics: +$12,500 Financing Terms: -$2,000 Conditions of Sale: none Property Rights Conveyed: none Use: none Non-Realty Components: - $3,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? hint: the order of adjustments matters! Your Answer: Answer Question 10 (2 points) Show how you made adjustments to get the final adjusted sale price of the comparable. Make sure to explain this with words and numbers and show/explain: 1. were the items already in the correct order? If not, what is the correct order of adjustments? 2. what is the dollar amount of each adjustment? Question 9 (1 point) A comparable property sold recently for $154,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical Characteristics: +$12,500 Financing Terms: -$2,000 Conditions of Sale: none Property Rights Conveyed: none Use: none Non-Realty Components: - $3,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? hint: the order of adjustments matters! Your Answer: Answer Question 10 (2 points) Show how you made adjustments to get the final adjusted sale price of the comparable. Make sure to explain this with words and numbers and show/explain: 1. were the items already in the correct order? If not, what is the correct order of adjustments? 2. what is the dollar amount of each adjustment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
