If the subject property has energy-efficient windows that a comparable sale does not, which statement is true?

• A. No adjustment may be necessary if the market does not recognize a difference in value based on the efficient windows.
• B. Adjustments for market conditions may not be necessary in all appraisals.
• C. Energy-efficient windows require a standardized market condition adjustment always.
• D. The value impact of energy-efficient windows should be ignored in all appraisals.

Answer: (A)

In the Sales Comparison Approach, adjustments come from how the market actually values differences between properties. If energy-efficient windows aren’t recognized as adding value by buyers in the market, there’s no basis to adjust the sale prices of comparable properties for that feature. The correct choice captures this data-driven approach: you only adjust for the energy-efficient windows if market evidence shows a value difference. If comps show no premium for those windows, you wouldn’t adjust. If future market data indicate a premium, you’d quantify and apply an adjustment accordingly. This keeps adjustments grounded in what the market signals, rather than applying them by default or ignoring them altogether.