What is the purpose of the sales comparison grid?

• A. To adjust a comparable sale price for differences relative to the subject property.
• B. To measure depreciation.
• C. To estimate land value only.
• D. To determine the replacement cost.

Answer: (A)

The sales comparison grid exists to adjust each comparable sale price for differences relative to the subject property. It organizes and applies adjustments for features and conditions—such as size, location, condition, amenities, and market timing—so each comparable’s price is put on a like-for-like basis with the subject. After these adjustments, the adjusted sale prices become the basis for estimating the subject’s value, using the range or a weighted average of the adjusted figures. This tool isn’t about measuring depreciation, isolating land value, or calculating replacement cost; it’s specifically about translating differences into price adjustments to compare apples to apples.