In the appraisal process, what type of data pertains only to the subject property and comparables?

• A. General Data
• B. Specific Data
• C. Macro Data
• D. Locational Data

Answer: (B)

Property-specific differences drive adjustments in the sales comparison approach. Specific data covers details unique to the subject and each comparable property—the physical and functional characteristics that cause values to differ from one property to another. Think of features like total square footage, the number of bedrooms and bathrooms, condition and quality of improvements, age, layout, garage space, lot size, view, and any functional obsolescence. These are the items you measure and quantify adjustments for so you can compare apples to apples when estimating value.

General data and macro data describe market-wide conditions that affect all properties, not the unique attributes of a single property. Locational data concerns where the property sits and neighborhood factors, which influence value but are not the specific physical characteristics of the property itself. So the data that pertains only to the subject property and its comparables—those you use to make precise, property-specific adjustments—falls under specific data.