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Adjustments for various elements of comparison

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A comparable property sold six moths ago for $150,000. The adjustments for the various elements of comparison have been calculated as follows:

Location: -5 percent

  • Market conditions: +8 percent
  • Physical characteristics: +$12,500
  • Financing terms: -$2,600
  • Conditions of sale: 0
  • Legal characteristics: 0
  • Use: 0
  • Nonrealty items: -$3,000

(Note that the term "Legal characteristics" should be replaced with the term "property rights conveyed")

Reference no: EM131069056

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