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A prevalence of higher-priced comps could lead to higher-than-purchase-price appraisal conclusions, but value adjustments to make the comp similar to the subject could, and in fact is supposed to ...
Gary Crabtree, an appraiser in Bakersfield, Calif., has seen “view” adjustments ranging from $100,000 to $140,000 within a golf course community and he made a $150,000 adjustment on a large ...
The appraiser is supposed to determine the market value of that extra bedroom and make an appropriate adjustment to the value of your house.
In one adjustment in the appraisal study, he said, a property in a neighborhood of expensive homes got a $3 million downward adjustment solely on “view.” ...
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