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ADJUSTMENTS

Adjustments mean modifications, tweaks, and alterations for achieving any specific objective, goal, or result. It also means a procedure of adapting or aligning to something, or getting used to any scenario or circumstance.

Definition

Adjustments mean adjusting, adapting and settling into something. It also means settling or paying off debts or liabilities. It means modifications, corrections, or changes.

Use of Adjustments in Real Estate

Adjustments are used in real estate to indicate a term called adjusted property. This indicates any property which has seen its carrying value adjusted. Adjustment basically means any reduction or addition to the property’s selling price to factor in anything that the property lacks or possesses, as compared to similar properties. Adjustments are thus used for property valuation or appraisal exercises.

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