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

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

• A. Pool
• B. Market conditions
• C. Interest rate
• D. Time of sale

Answer: (A)

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.