Why can a repeat sale of the same property be useful when investigating a market-conditions trend?
Correct Answer
B) It can control for property differences, once changes are checked
Observing the same property at different dates can reduce between-property differences. Verify remodeling, deterioration, external conditions, rights, financing and sale circumstances before attributing a change to market movement. Neither faster closing, inherently better recording nor a universal lender mandate establishes the advantage. Several relevant sources and methods may be needed for a supported trend.
Why This Is the Correct Answer
Observing the same property at different dates can reduce between-property differences. Verify remodeling, deterioration, external conditions, rights, financing and sale circumstances before attributing a change to market movement. Neither faster closing, inherently better recording nor a universal lender mandate establishes the advantage. Several relevant sources and methods may be needed for a supported trend.
More Statistics Questions
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