In reviewing comparable sales, which of the following is a characteristic that would not be evaluated in relation to the subject property?

Prepare for the BOMI Asset Management Test with flashcards and multiple choice questions. Each question includes helpful hints and detailed explanations. Ensure success in your exam!

When reviewing comparable sales in the context of property valuation, factors such as value, size, and age are critical for assessing how similar properties have performed in the market.

Value relates to the price at which similar properties have sold, helping to establish a baseline for what the subject property might be worth. Size is significant because larger properties generally command higher prices, so it’s vital to compare the square footage of the subject property to the comparable sales. Age is also an important consideration, as newer properties might be valued higher than older ones due to condition, modern amenities, and potential maintenance concerns.

Earnest money, on the other hand, refers to a deposit made to demonstrate a buyer's serious intent to purchase a property. It is not a characteristic of the property itself but rather a financial aspect of the transaction process. Therefore, while earnest money can influence a buyer's offer or negotiation strategy, it does not impact the comparative assessment of property characteristics such as value, size, or age. This is why it would not be evaluated in relation to the subject property during a comparative sales analysis.

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