Concession Question

[Murray Bloom]

Thanks Greg.

Finally, the answer I was looking for.

 

[Mztk1]

That is very sound advice when evaluating a comparable sale. However, if I am reading correctly, the post is discussing a concession on the sale of the subject property. Such concessions have nothing to do with adjustments to comparable sales. Comparable sales would be adjusted for any concessions they had at the time of their sale. That concession would not be modified based on concessions in the subject property transaction.

Yeah, definately. I wasn't reading the question all the way through.

There are no "upward" concession adjustments. You ignore the subject concessions and make adjustments to the comparables based on how much the market reaction was to the concessions the seller made to the buyer in order sell. Concession adjustments are always down.