The final estimated value of the subject property is equal to the adjusted price of the chosen comparable.

• A. True
• B. False
• C. Sometimes true
• D. Only when there are multiple comparables

Answer: (A)

In the sales comparison approach, you start with prices that similar properties have recently sold for, then make adjustments to reflect differences between the subject and each comp—such as size, rooms, condition, lot, location, and recent market shifts. The adjusted price shows what the comparable would be worth if it had the subject’s characteristics. If you’re using a single best match, that adjusted price becomes the estimate of the subject’s value because it directly translates the comp’s sale price into the subject’s terms. When more than one comparable is used, you typically reconcile several adjusted prices to a final value, which may end up between them rather than equal to one adjusted price. So, in the common single-comparable scenario, the final estimated value equals the adjusted price of the chosen comparable.