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ValuationFactors_affecting_valueMEDIUM

Which factor would have the LEAST direct impact on a residential property's market value in a CMA?

Correct Answer

D) The original purchase price paid by current owner

Market value reflects current market conditions and property attributes, not historical purchase prices. The original purchase price is irrelevant to current market value determination in a CMA.

Answer Options
A
Recent comparable sales within 1km radius
B
Property's proximity to schools and transport
C
Current interest rates and lending policies
D
The original purchase price paid by current owner

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