do appraisers give adjustments for lot size
Appraisers first assign a value to the lot or site on which the home is situated. In the case of our $145,000 example, the 19,780 square foot site is valued at $30,500 based on current sales of both vacant and improved land.f a marsh front lot was in the mix, there would be a substantial adjustment for view. After all adjustments are made, the net adjustment is added or subtracted from the comparable sales price. In this case Comp #1 was adjusted to a sales price of $152,940 and Comp #2 to $142,305.