Which of the following is NOT a quality of a good comparable?

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Multiple Choice

Which of the following is NOT a quality of a good comparable?

Explanation:
Comparables must reflect the same market conditions and characteristics as the subject property. They should come from the local market area so they share similar demand and price trends, be close in time to the appraisal date so market conditions match, and be similar in structural type and features so the differences can be reasonably adjusted for. A property outside the local market area does not share these conditions, introducing different price drivers, demographics, and regulatory factors, which makes it an unreliable basis for comparison. That’s why a property outside the local market area isn’t a good comparable.

Comparables must reflect the same market conditions and characteristics as the subject property. They should come from the local market area so they share similar demand and price trends, be close in time to the appraisal date so market conditions match, and be similar in structural type and features so the differences can be reasonably adjusted for. A property outside the local market area does not share these conditions, introducing different price drivers, demographics, and regulatory factors, which makes it an unreliable basis for comparison. That’s why a property outside the local market area isn’t a good comparable.

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