What comes next after adjusting sale price for financing in the sequence of adjustments?

After adjusting the sale price for financing, the next logical step in the sequence of adjustments is to consider changing market conditions. This involves assessing how shifts in the real estate market, such as fluctuations in supply and demand, economic factors, and other external influences, can impact the value of properties.

Understanding changing market conditions is essential because these factors can significantly affect property values over time. For instance, if the market has experienced an uptick in demand or a downturn in supply, it may warrant further adjustments to the sale price. This step is critical in ensuring that valuation reflects current realities.

The other adjustments, such as physical characteristics, types of tenants, and location adjustments, typically follow the assessment of market conditions. After evaluating the broader market context, appraisers can delve into these specific areas to fine-tune the valuation further. This systematic approach helps ensure that all relevant influences on property value are adequately considered.