Location

Comparable sales should be located as close to the subject as practicable.  Their proximity to the subject

(such as three blocks north) must be described.

The appraiser must adequately explain any reliance on sales located either

·   further from the subject than similar comparables, or

·   outside of the subject’s market area.

Value Adjustments

Generally, good comparables require minimal adjustment for individual features and a minimal total net adjustment.  The appraiser must adequately explain large adjustments.

Adjustments based on some factor other than market reaction (for example, builder costs for materials, project development, etc.) are not acceptable.