Lenders like to see the subject property "bracketed" in the appraisal. This means ______.

Lenders appreciate when the subject property is "bracketed" in an appraisal because it provides a comprehensive analysis of the property's value by including comparables that showcase a range of quality and features. When comparables that are both superior and inferior to the subject property are utilized, it creates a framework for understanding its market position.

Using superior comparables helps illustrate the upper limits of value, while inferior comparables demonstrate the lower limits. This approach allows for a more nuanced understanding of the property’s worth, taking into consideration its unique characteristics, location, and market conditions. By presenting a balanced view, the appraiser can build a stronger case for the estimated value, which is particularly important for lenders who want to ensure that they are making sound lending decisions based on a thorough analysis of the local real estate market.

The other options do not accurately represent the concept of bracketed values as understood in appraisal practice. For instance, simply using comparables located on either side of the property may not include the necessary range of quality and condition that provides insights into its value. Offering a non-specific valuation or an opinion of the property's worth at extreme ends does not fulfill the definition of bracketed comparables, which emphasizes the importance of specific comparisons within a defined range.