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19 March, 22:53

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?

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  1. 20 March, 00:19
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    Answer: Age adjustment

    Step-by-step explanation:

    The market takes account of the age of a structure.

    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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