A change in the value of a comparable property when comparing to the subject property is called a(n):

The term that refers to a change in the value of a comparable property when comparing it to the subject property is known as an adjustment. In the context of real estate valuation, adjustments are necessary to account for differences between the comparable properties and the subject property being evaluated. These differences might include variations in size, condition, location, or features that all affect the market value.

The purpose of making adjustments is to ensure that the comparison remains fair and accurate, leading to a more precise estimate of the subject property’s value. By applying adjustments based on these quantified differences, appraisers provide a clearer picture of how much value one property holds in relation to another, ultimately guiding buyers, sellers, and investors in making informed decisions based on these assessments.

The other options do not relate to this specific valuation process. Inflation refers to the overall increase in prices and cost of living, while concessions pertain to incentives that a seller may offer to a buyer to encourage a sale. An inspection, on the other hand, involves evaluating the condition of a property rather than making value adjustments based on comparisons with other properties.