When a comparable lot that sold is superior in some aspects to the subject lot, what kind of adjustment is made to the comparable property?

When a comparable lot that sold is superior in certain aspects to the subject lot, a negative adjustment is made to the comparable property to account for its enhanced features or attributes. This practice aligns with the principles of the sales comparison approach, where adjustments are necessary to ensure that the comparable property's value reflects conditions similar to those of the subject property.

The reasoning behind a negative adjustment lies in the need to create a level playing field for comparison. If the comparable lot has superior characteristics—such as better location, larger size, or upgraded amenities—its selling price reflects these advantages. To accurately represent the market value of the subject lot, the appraiser reduces the value of the comparable property through a negative adjustment, thereby ensuring that the final adjusted price more accurately reflects the subject property's worth. This allows for a fair assessment, leading to a reliable conclusion about the subject lot's value based on market conditions.