All of the following are factors that will affect the timing of a property sale except:

The timing of a property sale is influenced by a variety of market and economic factors. Among these, diversified investment opportunities, competing properties available for sale, and interest rates and costs of funds are all critical components that can impact when a property owner might decide to sell.

Diversified investment opportunities may make sellers hesitant if they believe they can earn a better return elsewhere or if they are waiting for favorable market conditions. Similarly, the number and appeal of competing properties can affect the urgency or strategy behind a sale, as sellers may choose to wait for better market conditions if there are many properties available.

Interest rates and costs of funds are fundamental economic factors; they can greatly influence buyer demand and investment feasibility, thus also affecting the timing of a sale.

In contrast, the replacement approach to value, which focuses on assessing property value based on the cost to replace it rather than market dynamics, does not directly influence when a property owner will choose to sell. This method is more about valuation rather than market timing. Therefore, it stands out as the factor that does not directly impact the timing of a property sale.