That can't be universal though. Living in a community where 80% are two story homes and not enough sold to comp, I hd to use 1 story homes (20% of them). NO appraiser reduced the comp due to that 1 vs 2 story
Thank you! Adjusting comps can be tricky. The 15% adjustment for using a single-story comp for a two-story property isn't a universal rule but a guideline. The percentage can vary based on the local market, property specifics, and other factors. It's essential to analyze each situation individually to ensure accurate valuations.