A valuer is conducting a CMA for a 3-bedroom house. Which property would be the BEST comparable sale?
Correct Answer
D) A three-bedroom house sold one month ago in the same suburb
The best comparable sale should be as similar as possible in terms of property type, size, location, and recency of sale. A 3-bedroom house sold recently in the same suburb provides the most accurate market indication with minimal adjustments required.
Why This Is the Correct Answer
This sale matches the subject on type and size, is only a month old and is in the same suburb. It needs the fewest and smallest adjustments, which makes it the most reliable comparable.
Why the Other Options Are Wrong
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