What is the purpose of conducting an adjustment in property comparisons?

Conducting an adjustment in property comparisons serves the primary purpose of aligning differences between properties. In the appraisal process, properties are rarely identical; they have unique characteristics such as location, size, condition, and amenities that affect their market value. By making adjustments, an appraiser can normalize these differences to enable a fair comparison.

For example, if one property has an extra bathroom or a renovated kitchen compared to another, the appraiser will adjust the sale price of the comparable property to reflect the value that these features contribute. This ensures that the comparison is made on an equitable basis, allowing the appraiser to derive a more accurate estimate of value for the property in question based on similar properties that have sold in the market.

The other options pertain to different aspects of real estate but do not capture the essence of what adjustments aim to achieve in property comparisons. Knowing the varied purposes of adjustments helps appraisers make informed decisions when evaluating and estimating property values.