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In valuing a property, the valuer identifies a similar property that appears to be a very good comparable. The valuer finds that when the comparable
In valuing a property, the valuer identifies a similar property that appears to be a very good comparable. The valuer finds that when the comparable was sold, very favourable financing was part of the sale. In regard to the comparable, what is the appropriate action?
a.
Do not use the sale under any condition.
b.
Give the sale less weight than any of the other comparables.
c.
Adjust the sale price for cash equivalency and explain.
d.
Do nothing because the comparable sold and thus represents normal market activity.
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