Which factor would be considered a tangible difference in the sales comparison approach?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

Which factor would be considered a tangible difference in the sales comparison approach?

Explanation:
In the sales comparison approach, tangible differences are physical, observable features of the property that can be seen and measured. A pool is a physical amenity that affects how the property is used and its value, so it represents a tangible difference to account for when adjusting comparables. External factors like market conditions, interest rates, or the time of sale influence price but aren’t physical attributes of the property itself; they are non-tangible factors that affect value indirectly. Therefore, the pool is the tangible difference in this context.

In the sales comparison approach, tangible differences are physical, observable features of the property that can be seen and measured. A pool is a physical amenity that affects how the property is used and its value, so it represents a tangible difference to account for when adjusting comparables. External factors like market conditions, interest rates, or the time of sale influence price but aren’t physical attributes of the property itself; they are non-tangible factors that affect value indirectly. Therefore, the pool is the tangible difference in this context.

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