When using the Market Approach, an appraiser would make adjustments to:
- both the subject and comparable properties
- the subject property to make it more like the comparable.
- the comparable property to make it more like the subject.
- the assessed value
The answer is C. You would have to understand the terminology here – the subject property is the property being appraised, the comparable is the property the appraiser is using to compare the subject to. It doesn’t make sense to make adjustments to the subject property since that is what is being appraised.