The sale of the comparable property included a clause that stated that legal title to the property would revert back to the seller in 20 years. If this comparison is used by the appraiser, the sale price of the comparable would have to be adjusted upward. This is further explained below.
Generally, a comparable property is simply defined as similar homes in the same area that should have similar assessed values since they should sell for around the same amount.
In conclusion, A similar property was sold with a stipulation reverting legal ownership to the seller after 20 years. The selling price of the comparable would need to be increased if this comparison is employed by the appraiser.
Read more about comparable property
https://brainly.com/question/13160618
#SPJ1
