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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.
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