In the sales comparison approach, using comparables that are five and 15 years old when appraising a subject that is 10 years old is an example of what?

If the subject is 5years old and the comparable is 15years old and is sold for an amount x. The value of the 10years difference is y. You need to add y because the 15 year old subject is considered worse or inferior to the 5 year old subject.

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keshavgandhi04 keshavgandhi04 · Answer 2 · 2022-01-29T12:42:38+01:00

In the sales comparison approach, using comparables that are five and 15 years old when appraising a subject that is 10 years old is an example of Adjustment of Age .

Given :

When comparison approach then a subject that is 5 & 15 years oldWhen appraising a subject that is 10 years old

The market takes account of the structure age.

Lets understand if using comparables the subject is five years old and fifteen years old which will be sold for an amount X. Then the value of the Ten years old difference is Y.

So here we will sum up Y because as the 15 year old subject is considered Inferior or worst to the 5 year old subject.

Therefore,

In the sales comparison approach, using comparables that are five and 15 years old when appraising a subject that is 10 years old is an example of Adjustment of Age .

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