If an appraiser believes that a property in better physical condition needs an $8,000 adjustment, what should be done?

When an appraiser determines that a comparable property is in better physical condition than the subject property, an adjustment is made to account for this difference in value. In this scenario, if the appraiser believes the comparable property needs an $8,000 adjustment due to its superior condition, it means that the value of this comparable property is higher than that of the subject property.

Therefore, to accurately reflect the value of the subject property in comparison to the superior comparable, $8,000 should be added to the value of the comparable property. This adjustment brings the comparable’s value down relative to the subject property, allowing for a fair comparison. By making this adjustment, the appraiser can arrive at a more accurate valuation for the subject property, ensuring that differences in condition are appropriately accounted for in the appraisal process.

This process is critical in maintaining fairness and accuracy in property valuations, as it aligns the comparable properties with the subject property’s condition and contributes to a more precise estimated value.