Virginia State Real Estate Exam Practice Question
When valuing a 3-bed home, one comparable has 4 beds. The 4th bedroom adds ~$8,000. What adjustment should be made?
Correct Answer: D
Rationale: When valuing a 3-bed home using a comparable with 4 beds, an adjustment is necessary to account for the additional bedroom. Since the 4th bedroom adds approximately $8,000 to the value of the comparable home, this amount should be subtracted from the comparable's value when assessing the 3-bed home.
Options A and B incorrectly suggest adding $8, which misrepresents the adjustment needed. Option C also incorrectly suggests subtracting $8, which underestimates the value of the additional bedroom. Thus, the appropriate adjustment is to subtract $8,000 to accurately reflect the value of the 3-bed home in comparison to the 4-bed home.
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