When conducting a CMA, which properties should be given the MOST weight as comparables?
Correct Answer
A) Similar properties sold within the last 6 months in the same neighborhood
The most reliable comparables are recent sales (preferably within 6 months) in the same neighborhood with similar size, age, and features. Recent sales reflect current market conditions better than older sales or current listings.
Why This Is the Correct Answer
Option A represents the gold standard for CMA comparables because recent sales (within 6 months) reflect current market conditions and buyer behavior. Properties in the same neighborhood ensure similar location factors, while similar characteristics (size, age, features) provide the most accurate basis for comparison. Recent sales data is actual market evidence rather than asking prices, making it the most reliable indicator of current property values.
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