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What was the most desirable product in 1927?
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- A comparable sale recently sold for $335,000 with the seller paying $15,000 in financing costs on behalf of the buyer. An appraiser used this comparable in an appraisal analysis and stated that the sale price was not affected by the seller-paid financing expense because the seller was highly motivated to sell and was willing to accept less money. Which of the following statements is correct?- If the seller was motivated and paid financing costs for the buyer, there should be two adjustments: one for the financing concessions and another one for conditions of sale (seller motivations).- This logic is correct; no adjustment is needed.- No financing adjustment is needed, but a conditions of sale adjustment is.- A financing adjustment is needed, but a conditions of sale adjustment is not.