What is generally considered the most widely used method for adjusting comparable properties?

The most widely used method for adjusting comparable properties is the Sales Comparison Approach. This method involves comparing a property to similar properties that have recently sold in the same area. Key to this approach is the adjustment of sale prices based on differences between the subject property and the comparables regarding factors such as location, size, condition, and amenities.

Using the Sales Comparison Approach allows real estate professionals to derive a fair market value by making systematic adjustments to account for these differences. For instance, if the comparable property has a swimming pool and the subject property does not, an appraiser would adjust downward the sold price of the comparable to fairly reflect this missing feature in the property being valued.

In contrast, while the matched pair adjustment, cost approach, and square footage technique can also be utilized in property valuation, they are not as universally applied as the Sales Comparison Approach. The matched pair adjustment is a specific method that utilizes two comparable properties to derive a value adjustment, primarily leaving less room for broader market analysis. The cost approach calculates property value based on the costs associated with building a similar property, which may not accurately reflect market conditions. The square footage technique can provide insights into valuing properties based on size, but doesn't take into account the plethora of other factors affecting market