When conducting a CMA, which of the following comparable sales would be MOST appropriate for valuing a 4-bedroom house built in 1995?
Correct Answer
B) A four-bedroom house built in 1994, sold one month ago, 200m away
The best comparable needs the fewest and smallest adjustments. A four-bedroom house built a year apart, sold a month ago and 200 metres away matches on size, age, time and location. The 2010 house is closer and more recent, but its fifteen-year age gap needs a much larger adjustment.
Why This Is the Correct Answer
The 1994 four-bedroom house matches the subject on size and, within a year, on age, sold a month ago and is 200 metres away. It needs only minor adjustments, whereas each other option has one large difference to correct.
Why the Other Options Are Wrong
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