When using the comparable sales approach to value a Vancouver detached home, which factor typically requires the largest adjustment?
Correct Answer
B) Location, including neighbourhood, lot size, and proximity to amenities and transit
In Vancouver's diverse and high-value real estate market, location is consistently the most significant factor requiring adjustment. Differences in neighbourhood desirability, lot size, views, proximity to transit (e.g., SkyTrain), schools, and amenities can result in hundreds of thousands of dollars of value difference between otherwise similar homes.
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