When preparing a CMA for a condominium unit in Alberta, which adjustment would be most critical when comparing similar units?
Correct Answer
D) Floor level and view
Floor level and view differ from unit to unit and strongly affect what buyers pay, so they are key adjustments when comparing condominium units, especially within the same building. Higher floors with better views usually sell at a premium.
Why This Is the Correct Answer
Floor level and view vary from unit to unit and buyers pay noticeably more for higher floors and better views. Because they are unit-specific, they must be adjusted for when comparing otherwise similar units.
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When conducting a Comparative Market Analysis (CMA), what is the most important factor to consider when selecting comparable properties?
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