What feature will an appraiser adjust for if a comparable property is in a more desirable neighborhood?

The adjustment for a comparable property located in a more desirable neighborhood is primarily focused on location. In real estate appraisal, location is considered one of the most critical factors affecting property values. Properties situated in neighborhoods with superior amenities, lower crime rates, better schools, and overall desirability typically command higher prices.

When appraisers analyze comparable sales, they must assess how the location of a property affects its value compared to other similar properties. If a comparable property is in a more desirable neighborhood, the appraiser will adjust the value to reflect this premium. This adjustment ensures that the comparison is fair and accurately reflects the market value based on the location differences, which can significantly influence buyer demand and property appreciation over time.

In contrast, other features such as the date of sale, physical attributes, or terms of sale do not address the nuanced value implications of location in the same manner. Therefore, focusing on the location adjustment aligns with standard appraisal practices to establish a more accurate and relevant property valuation.