When conducting a CMA for a residential property, which comparable sale would provide the most reliable indication of value?
Correct Answer
C) A similar property sold two months ago in the same street
The most reliable comparable is one that is similar in size and characteristics, recent in time, and closest in location. Proximity in location and time are crucial factors, as is similarity in property features for accurate comparison.
Why This Is the Correct Answer
This sale is similar in character, only two months old and in the same street, so it needs only small adjustments for time, location or features. The other options each carry one large adjustment.
Why the Other Options Are Wrong
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