What is the term for the method of selecting comparable properties where at least one is superior and one is inferior to the subject property?

Bracketing is the term used to describe the method of selecting comparable properties where there is at least one comparable that is superior to the subject property and one that is inferior. This technique provides a range of values that helps the appraiser to gauge the market reactions to both better and worse alternatives than the property being appraised. By doing so, it allows for a more accurate adjustment and assessment of the subject property's value based on the observed differences in features, amenities, and overall desirability compared to those of the selected comparables. This method is particularly useful in demonstrating a clearer picture of the value spectrum present in the current market.

In contrast, adjusting pertains to the modification made to the sale prices of the comparables in order to account for differences when performing a valuation. Encircling, on the other hand, refers to a different technique of selecting comparable properties, typically where all comparables lie within the same market segment, and predominant value relates to a valuation approach rather than a method of selecting comparables.