When selecting comparable properties, which factor is also considered in addition to location, size, and features?

When selecting comparable properties for appraisal, a crucial factor to consider is the financing terms associated with those properties. Financing terms can significantly impact the buyer's decision, as they may affect the overall affordability of the property and influence the marketability. For instance, different mortgage types, interest rates, or seller financing can make one property more attractive than another, even if they are similar in location, size, and features.

Understanding these terms helps the appraiser determine how the market may react to different financing options, which can ultimately affect property values. This context allows for a more accurate appraisal as it takes into account factors that can influence buyer behavior and property worth in real-world transactions.

Considering age, market conditions, and assessment value are also important during the appraisal process, but they do not directly relate to the immediate financial implications that financing terms represent for potential buyers.