In the Sales Comparison Approach, adjustments to comparable sales are made primarily to account for what?

In the Sales Comparison Approach, adjustments to comparable sales are made primarily to account for physical and economic differences. This method is fundamental in real estate appraisals where the goal is to determine a property's value based on the sale prices of similar properties.

Physical differences can include variations in size, condition, age, and specific features of the properties that affect value. For example, if a comparable property has a swimming pool and the subject property does not, an adjustment would need to be made to reflect that difference in value.

Economic differences refer to external factors that might affect the properties' values, such as location, market conditions at the time of sale, and any other economic influences that could impact buyer preferences. Adjustments for such differences help ensure a fair comparison between properties, thereby leading to a more accurate estimation of the market value of the subject property.

While the other options include relevant factors to property valuation, they do not encompass the primary focus of the Sales Comparison Approach adjustments, which is to align the comparable sales based on tangible and economic variances that directly influence their market valuations.