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Cortes was invited into Montezuma's throne room. What was his plan?

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An appraiser has researched comparable sales for a subject property. He discovers a sale located down the street from the subject that sold last week. When the house sold, it had a miniature golf course in the backyard. According to the seller, the amenity cost $25,000 to install. The appraiser spoke with several real estate brokers and appraisers in the area. They indicated that the amenity would bring no value. Lastly, he contacted the buyer who purchased the property. The buyer indicated that he gave no value to the amenity. Which of the following statements is correct?- The adjustment for the amenity should be based on cost.- The appraiser should make a token adjustment for the amenity.- This method of surveying or interviewing the buyer is an acceptable method of supporting an adjustment.- Golf is very popular, so the full cost should be adjusted in the sales comparison approach.
A common element of comparison used in residential appraisal is:Price per acrePrice per square foot of GLAPrice per cubic footAge of the improvements
The subject property is located in a market where properties usually sell in 90 days. The subject has been listed for 180 days beginning at $459,000 for 90 days. It was then listed at $449,000 for 45 days and has most recently been listed at $429,900 for 45 days. What conclusion can be drawn from this information?The subject is probably worth more than $459,000.The subject is probably worth more than $429,900.The subject is probably worth $429,900.The subject is probably worth less than $429,900.

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